NYSE Content Update: Starfighters Space Celebrates NYSE American Listing [Accessibility Statement] Skip NavigationNYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, Feb. 20, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.Ashley Mastronardi delivers the pre-market update on February 20thContinue ReadingHerbalife CFO join ...

华泰证券指出，长期来看，Agentic AI的快速发展，AI工作负载从算力密集型走向系统密集型，其中任 务调度、工具/API/脚本调用、沙盒/虚拟环境运行、数据解析、编译/测试等均可基于CPU运行，CPU在 AI系统中的重要性明显抬升。看好Agentic AI发展驱动CPU重新迎来高速成长，也重点看好海外CPU缺 货加速国内CSP对于CPU采购的国产化替代。 半导体、商业航天盘中活跃，消息面上，大模型公司智谱与MINIMAX-WP均创历史新高，市值双双突 破2000亿港元。此前智谱上调AI编程订阅套餐价格并将推出新模型。此外，多款新一代火箭成功首 飞，2026年发射次数有望破百。2026年，天龙三号、力箭二号、双曲线三号等多款新型号火箭计划首 飞，并挑战一子级回收。 截至2026年2月13日 14:16，上证科创板200指数(000699)成分股方面涨跌互现，星环科技领涨9.38%，江 航装备上涨8.90%，上声电子上涨8.10%；杰普特领跌。科创200ETF鹏华(588240)上涨0.12%，最新价报 1.64元。 科创200ETF鹏华紧密跟踪上证科创板200指数，上证科创板200指数从上海证券交易所科创板 ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) ("Momentus†or the "Company†), a U.S. commercial space company offering satellite buses, technologies, transportation, and other in-space services, today announced that it received payments totaling approximately $1.9 million in January 2026 for contracts with NASA and the U.S. Air Force Research Laboratory's (AFRL's) SpaceWERX organization. Momentus received payments in January 2026 in connection with: Qualification and integratio. ...

2026年是"十五五"开局之年，起步之时当有关键作为。1月起，地方省级两会密集召开，从因地制宜发展新质生产 力到持续释放内需潜力，从改革攻坚到民生改善，各地正把中央部署转化为"施工图""任务书"，以实干奋力跑出 高质量发展加速度。 人民网推出地方两会观察系列报道，聚焦各地区锚定目标任务、扎实推动高质量发展的有力举措和积极探索，记 录各地干部群众推进中国式现代化建设的坚实步伐，展现新征程上奋楫争先的地方实践。 眼下，京津冀商业航天势头正劲，天兵科技攻坚"一箭36星"技术；长三角AI产业亮点纷呈，岁末年初上海5家硬核 企业登陆资本市场；大湾区创新活力迸发，深圳"6个90%"格局亮眼……这些鲜活场景，正是中国科技企业以创新 引领经济发展的生动注脚。 2025年底召开的中央经济工作会议明确提出，"建设北京（京津冀）、上海（长三角）、粤港澳大湾区国际科技创 新中心"，明确"强化企业创新主体地位"，将北京、上海国际科技创新中心分别拓展至京津冀、长三角四省市，为 企业创新搭建起更广阔的舞台。 2026年1月以来，地方省级两会密集召开，各地代表委员围绕政策精准赋能、资源高效对接、协同机制完善等议题 各抒己见，为企业如何在创新 ...

Summary of Key Points from the Conference Call Industry Overview - **AI Industry**: Major companies like Tencent and Alibaba are launching significant AI applications for the upcoming Spring Festival, indicating a competitive landscape in AI technology and applications [1] - **Commercial Space and Solar Power**: The commercial space industry is approaching a critical phase in 2026, with successful launches of reusable spacecraft in China. Tesla is reportedly expanding its solar battery manufacturing footprint across multiple states in the U.S. [2] - **Robotics**: Various companies are showcasing their robotics technologies during the Spring Festival, with a notable emphasis on the importance of dexterous robotic hands as highlighted by Elon Musk [3] - **AI Animation and Computing Power**: ByteDance has quietly launched its AI video generation model Seedance 2.0, which utilizes breakthrough technologies. The Ministry of Industry and Information Technology in China is promoting a national computing power interconnectivity system [4] - **Stablecoins**: The Hong Kong Monetary Authority is preparing to issue the first batch of stablecoin licenses by March, with a focus on maintaining stability in the issuance process [5] Core Insights and Arguments - **AI Applications**: The competition among major tech firms in AI applications is intensifying, with significant investments and innovations being made to capture market share during high-traffic events like the Spring Festival [1] - **Commercial Space Developments**: The advancements in reusable spacecraft technology are expected to revolutionize the commercial space sector, potentially leading to increased investment and growth opportunities [2] - **Robotics Innovation**: The emphasis on dexterous robotic hands suggests a shift towards more sophisticated robotic capabilities, which could enhance automation across various industries [3] - **AI and Computing Power**: The launch of Seedance 2.0 signifies a major advancement in AI capabilities, which could disrupt the video content creation industry and enhance user engagement [4] - **Stablecoin Regulation**: The cautious approach to stablecoin licensing in Hong Kong reflects a broader trend towards regulatory oversight in the cryptocurrency space, aiming to ensure market stability [5] Additional Important Content - **Collaborations in AI**: Companies like Huya and Kuaishou are partnering with AI cloud service providers for major events, indicating a trend towards collaborative efforts in enhancing AI capabilities [1] - **Investment Opportunities**: The developments in commercial space and solar power sectors present potential investment opportunities, particularly in companies involved in these technologies [2] - **Market Trends in Robotics**: The participation of various robotics companies in high-profile events suggests a growing market interest and potential for innovation in this field [3] - **Government Initiatives**: The push for a national computing power interconnectivity system indicates government support for technological advancements, which could benefit related industries [4] - **Stablecoin Market Dynamics**: The limited issuance of stablecoin licenses may create a competitive environment among a few players, impacting market dynamics and investment strategies [5]

【LYZZ】商业航天业务空间更新 # "材料-部件-系统"全链条解决方案，覆盖结构、热控、电源等多个关键环节。 占 Starlink 单星成本的30%。 成功切入 SpaceX/Starlink 核心供应链，为星链 V3 等型号批量供货 1）太阳翼PI/CPI膜模切单星价值量 #20-30万元。 ☄# 配套单星价值量150万元。 占 Starlink 单星成本的30%。 成功切入 SpaceX/Starlink 核心供应链，为星链 V3 等型号批量供货 1）太阳翼PI/ 【LYZZ】商业航天业务空间更新 # "材料-部件-系统"全链条解决方案，覆盖结构、热控、电源等多个关键环节。 每GW太空算力可配套300亿元、100GW空间3万亿！ ☄# 配套单星价值量150万元。 每GW太空算力可配套300亿元、100GW空间3万亿！ PI/CPI膜是柔性太阳翼的关键基板与保护材料，具有轻量化、高耐候、抗辐照的特性。 2）碳纤维框架结构件：单星价值量 #15-20万元，原丝外购，后续可能会投资上游。 3）热管理解决方案：单星价值量(Starlink V3 50-60kw)约 # 100万元。 量产单相液冷、3DVC、热管 ...

《公告全知道》每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收 购、业绩、解禁、高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前 寻找到投资热点，防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 ①商业航天+光模块+芯片+军工！这家公司已成功参与多个商业航天项目配套，产品有给光模块厂家供样 并有小批量供货；②商业航天+AI应用+机器人+算力+军工！这家公司产品已在航天科技、航天科工等相关 企业成功应用；③机器人+光伏+液冷+锂电池+消费电子！公司签订4.8亿元机器人类业务合同。 前言 ...

Investment Rating - The industry investment rating is maintained as "Recommended" [2] Core Insights - The competition for AI entry points is intensifying, with major players like Baidu and Tencent launching cash red envelope activities during the Spring Festival [1] - The commercial aerospace industry is experiencing significant catalysts, with international space competition escalating [1] Industry Overview - The industry comprises 285 stocks, with a total market capitalization of 4,533.1 billion and a circulating market value of 4,028.0 billion [2] - The absolute performance over 1 month, 6 months, and 12 months is 10.9%, 14.0%, and 38.2% respectively, while the relative performance is 9.7%, 0.6%, and 14.9% [4] AI Sector Developments - Major AI companies are launching new products and initiatives, such as Alibaba's QoderWork, a desktop agent tool designed for local task execution without cloud data upload [17] - Investment suggestions include focusing on leading AI model manufacturers like Alibaba and various vertical AI application companies [19] Commercial Aerospace Developments - SpaceX is applying to deploy a constellation of up to 1 million satellites to support advanced AI applications, aiming to provide unprecedented computational capabilities [20] - The Artemis 2 mission is set to launch on February 6, 2026, marking a significant step in NASA's lunar exploration efforts [21] - The Chinese commercial rocket sector is emphasizing reusable technology as a key focus for 2026, aiming to enhance the country's capabilities in space access [23] Market Performance Review - In the third week of 2026, the computer sector experienced a decline of 4.77%, with notable gainers including *ST Lifan and Wangsu Science & Technology [24]

Core Insights - The article highlights the significant advancements in China's hard technology sectors, particularly in commercial aerospace and semiconductor industries, emphasizing the critical role of timely financial support and professional services in overcoming development challenges [1][4]. Group 1: Commercial Aerospace Industry - The commercial aerospace sector is characterized by high technical barriers, high risks, high capital investment, and long return cycles, with rocket model development requiring billions of yuan and taking over three years with minimal commercial income [2]. - Minsheng Bank has established a "Five Vertical and One Horizontal" technology finance service system to address industry pain points, utilizing a digital platform to integrate multi-dimensional data for enterprise assessment [2]. - The bank's collaboration with Zhongke Aerospace led to a rapid approval process for a 500 million yuan credit line, supporting the successful launch of 75 satellites and the first liquid oxygen-methane rocket [2][3]. Group 2: Semiconductor Industry - Minsheng Bank has adapted its technology finance service capabilities to the semiconductor sector, focusing on long cycles, high investment, and light asset characteristics, providing tailored financial empowerment solutions [4]. - The bank employs a "Five-Dimensional Assessment System" to evaluate core value dimensions such as market prospects, patent value, team strength, ecosystem partnerships, and capital market recognition [4]. - Specific products like "Yichuang E-loan" offer efficient funding solutions, with online credit loans processed in as little as two working days [4][5]. Group 3: Customized Services and Regional Focus - Minsheng Bank provides customized services to semiconductor companies, including stock repurchase loans and integrated services for market expansion, exemplified by its support for Jiangsu Weidao Nano Technology [5]. - The bank's "Minsheng E-chain" and "de-nuclear" service models enable efficient financing for small and medium-sized enterprises in the supply chain, breaking reliance on core enterprise credit [5][6]. - The bank aims to deepen its technology finance layout, focusing on key regions and supporting critical technological breakthroughs to foster high-quality development in hard technology [6].

Core Insights - The commercial space sector in China has seen significant growth since 2025, with 50 commercial launches accounting for 54% of total space launches that year [1] - The commercial space index (886078.TI) surged by 73.13% in 2025, indicating a strong market performance [1] - The traditional dominance of state-owned enterprises in the space sector is being challenged as private capital and venture capitalists increasingly enter the market [1][10] Investment Trends - Corporate venture capital (CVC) investments in commercial space have nearly doubled from 19 events in 2023 to 35 in 2025, reflecting a growing interest in the sector [3] - CVC investments are characterized by a trend towards earlier and smaller investments, with 9 seed and angel round investments and 16 A-round investments in 2025 [5] - The geographical distribution of CVC investments shows Beijing leading with 8 events, followed by Jiangsu with 6 and Guangdong with 4 [7] Notable Investments - The largest disclosed investment in 2025 was a 300 million yuan (approximately 43 million USD) Pre-A round for Shaanxi Xingyi Space Technology Co., backed by a consortium of 8 investors [7] - Beijing Lizheng Technology Co., which provides drone control solutions, also secured 300 million yuan in a C+ round from 7 institutions [7] Industry Expansion - CVC investments are expanding beyond traditional rocket and launch services to include areas such as engines, aerospace electronics, and downstream applications [8] - Notable investments include Shenzhen Xiandeng Aerospace Technology Co., which focuses on ground support for rockets, and Hunan Lanyue Electromechanical Technology Co., which manufactures satellite components [8] Investment Institutions - The investment landscape includes three main types of institutions: state-owned enterprises and national capital platforms, local state-owned capital, and industry leaders' investment platforms [9] - Examples include China Electronics Technology Group's investment arm and local funds like Shenzhen Innovation Capital [9] Cross-Industry Involvement - Increasingly, non-space industry giants from sectors like automotive, oil, and AI are investing in commercial space, indicating a shift in investment dynamics [12] - Companies like Huichuan Technology, a leader in industrial automation, have made significant investments in the space sector, reflecting a broader trend of cross-industry capital flow [13] Market Dynamics - The commercial space industry is evolving into a competitive landscape focused on large-scale delivery and system capabilities, with leading firms gaining market share through technological and operational advantages [15] - The entry of diverse capital sources is expected to enhance the growth potential of the commercial space sector, making it more integrated into the broader industrial ecosystem [10][15]