Core Viewpoint - The article discusses the emerging trend of space computing, highlighting the global competition among tech giants to establish capabilities in this area, driven by the increasing demand for AI models and the limitations of terrestrial data centers [4][5][7]. Group 1: Global Trends in Space Computing - Space computing has become a new frontier for global tech companies, with initiatives like StarCloud's satellite equipped with NVIDIA H100 chips and Google's Gemini model, aiming to create a gigawatt-level distributed data center in space [6]. - The European Union has initiated a "Space Data Center Plan" as part of its green transition strategy, while companies in the Middle East, such as Madari Space, plan to launch their first orbital data center by 2026 [6][8]. - The increasing urgency for new computing capabilities in the AI era is pushing the development of space computing as a next-generation "green high-density computing platform" [8]. Group 2: China's Position in Space Computing - China has taken the lead in space computing, with companies like Guoxing Aerospace successfully launching the world's first space computing constellation, achieving an in-orbit computing capacity of 5 petaflops (POPS) [11]. - The "Zero Carbon Space Computing Center" developed by Guoxing Aerospace consists of 2,800 satellites, providing global space computing and high-speed interconnect capabilities [11][12]. - The commercial path for space computing in China is becoming clearer, with applications in various sectors, including AI, scientific research, and emerging industries like low-altitude economy and digital consumption [13]. Group 3: Challenges and Opportunities - Despite the optimistic outlook, the Chinese space computing industry faces structural challenges, including a high number of satellite constellation plans with low implementation rates [17]. - The industry must address issues related to launch capacity, manufacturing capabilities, and orbital resource management to realize the potential of satellite constellations [17]. - The article emphasizes the need for advancements in satellite manufacturing technology and the reduction of launch costs to achieve a cost inflection point for space computing during the 14th Five-Year Plan period [18].