据知情人士透露，本次交易对SpaceX的估值约为1万亿美元，对xAI的估值约为2500亿美元，合并后公司整体估值约1.25万亿美元。交 易以全股票形式完成，合并后公司股票价值预计为每股526.59美元。相关信息已通过内部备忘录向员工披露。 2月2日消息，埃隆·马斯克旗下太空探索技术公司（SpaceX）已完成对人工智能初创企业xAI的收购，相关信息由SpaceX在官网发布声 明确认，声明由马斯克本人署名。此次交易整合了马斯克在人工智能与太空探索两大核心版图，被视为其商业体系内一次关键性的战 略并购。 SpaceX在声明中表示，收购xAI的目的在于打造"地球上以及地球之外最具雄心的纵向一体化创新引擎"，将人工智能、火箭技术、天基 互联网、直连移动设备通信等能力进行整合，提升技术协同效率。 在解释并购动机时，马斯克说，未来两到三年内，在太空中进行人工智能计算将成为成本最低的解决方案。通过利用太空能源和基础 设施，可缓解AI发展面临的高能耗与算力瓶颈，加速模型训练和技术突破。 ...

Group 1 - The core viewpoint is that the space computing industry is rapidly evolving and is seen as a key path to solving global computing resource bottlenecks, with its strategic value becoming increasingly prominent [1][2] - Space computing is defined as the next generation of distributed computing paradigm built in Earth's orbit, transforming satellites from traditional data relay to autonomous decision-making "in-orbit intelligent agents" [2] - The fundamental driving force behind the industry's development is the need to overcome physical and resource limits of terrestrial computing, with the explosive growth in AI computing demand creating rigid constraints on ground data centers [2][3] Group 2 - Space computing is becoming a new focal point in the power competition between major countries, with China focusing on systematic construction and self-control through national laboratories and state-owned aerospace enterprises, while the U.S. is led by tech giants and startups exploring diverse business models [2][3] - Key technological bottlenecks include high-reliability radiation-resistant chips, ultra-fast inter-satellite laser communication, and large energy dissipation systems, which are major challenges for large-scale deployment and commercialization [3] - The industry chain is long with a concentrated value distribution, showing a pattern of stability at the top, rapid growth in the middle, and active development at the bottom, with upstream hardware being the most valuable segment [3] Group 3 - Relevant companies to focus on include Shunhao Co., Ltd. (002565.SZ), Shanghai Port Bay (605598.SH), Qianzhao Optoelectronics (300102.SZ), Changying Tong (688143.SH), Shanghai Huguang (603131.SH), Fenghuo Communication (600498.SH), Aerospace Electronics (600879.SH), China Satellite (600118.SH), and Yuke De-W (688158.SH) [3]

Group 1 - The Satellite ETF (159206) has seen a 2.18% increase, marking its seventh consecutive rise, with significant gains in constituent stocks such as Qianzhao Optoelectronics (300102) up 8.24%, and Shaanxi Huada (301517) up 7.91% [3] - Over the past five trading days, the Satellite ETF has experienced net inflows on four occasions, totaling 551 million yuan, with an average daily net inflow of 110 million yuan [3] - The Long March 12甲 rocket, developed by the 8th Academy of Aerospace, is set for a test at the Jiuquan launch base, which, if successful, will make China the second country globally to possess reusable rocket technology, significantly reducing commercial space transportation costs [3] Group 2 - Space computing technology, which deploys data centers and computational capabilities in orbit, is gaining commercial value, with projects already underway and a methodological foundation established [4] - The Satellite ETF (159206) focuses on commercial aerospace and satellite communications, expected to thrive under the "Aerospace Power" backdrop, and is the first of its kind in the market [4] - The Satellite ETF was established on March 6, 2025, prior to similar products, and tracks the National Certificate Commercial Satellite Communication Industry Index [4]

Group 1 - The article highlights the emergence of a new era in space computing, with a company actively developing a space AI computing project, which is expected to gain a first-mover advantage in the fields of space computing leasing, inter-satellite transmission services, and data asset monetization [1] - A lithium resource company is benefiting from the rebound in lithium prices, with net profit turning positive for the first time in nearly two years, and high-quality projects and mineral resources are expected to be gradually released, leading analysts to raise profit expectations [1]