Applications and Supply Chain. Spacesail aims to achieve 324 satellites in orbit in 1H26 and begin product testing in markets like Brazil and Malaysia in 2H26. The business model currently focuses on consumer applications like maritime, aerial, vehicular (except cellular phone). Spacesail is acting as a system integrator/operator, outsourcing satellite manufacturing and terminal production. For Satellite Network, the supply chain differs for its 1st-gen and 2nd-gen satellites. 1st-gen satellites are sourced ...

26 January 2026 | 11:00AM CST Equity Research China Solar: Quick thoughts on potential Space-based Solar Power demand uplift What's new? Share prices for our Solar coverage have rallied by 8%-20% on Jan 23 (vs. largely flat performance of CSI300 and HSI at -0.4%/+0.4%) due to upbeat market expectation of Space-based Solar Power (SBSP) demand that was sparked by the Davos Debut where Elon Musk stated that SpaceX and Tesla each will build 100GW of solar panel capacity in the US in the next three years. Implic ...

Lead Intelligent (300450.SZ) Pre-announced FY25 net income beat; raise TP/EPS; Neutral NEUTRAL Jacqueline Du +852-2978-1783 | jacqueline.du@gs.com Goldman Sachs (Asia) L.L.C. | Key Data _____________________________________ | | | | | | --- | --- | --- | --- | --- | | | | Enterprise value: Rmb99.9bn / $14.3bn | Market cap: Rmb98.9bn / $14.2bn | | | | | | 3m ADTV: Rmb4.5bn / $644.3mn | | | | | | | China | | | | | China Industrial Tech & Machinery | | | | | | | M&A Rank: 3 | | | | | Leases incl. in net debt & ...