"太空算力"并非简单的概念炒作，其背后有着深刻的产业演进逻辑。传统卫星主要承担数据采集与回传 功能，海量数据需下行至地面站进行处理，面临传输延迟大、带宽占用高、实时性差的瓶颈。上海港 湾、中国卫星、通宇通讯、航天电子、复旦微电领涨，太空算力题材相关企业整理如下： 上海港湾（605598.SH） 最新股价：61.90元 日涨幅：+10.01% 亮点：公司重点布局轻量化、耐高温的钙钛矿电池，适配太空能源系统升级需求，能为算力卫星提供更 高效的能源解决方案。 中国卫星（600118.SH） 最新股价：72.73元 日涨幅：+10.00% 亮点：国内卫星制造绝对龙头，具备年产200颗小卫星的能力，是承担国家"三体计算星座"项目建设的 主体单位。 通宇通讯（002792.SZ） 最新股价：38.18元 日涨幅：+10.00% 亮点：核心产品卫星通信相控阵天线负责卫星与地面的信号传输，是太空算力数据往返地面的硬件核心 支撑。 航天电子（600879.SH） 最新股价：18.61元 日涨幅：+9.99% 亮点：公司星载计算机市占率超90%，其星载AI处理模块能将单星算力从T级提升至P级，是"三体计算 星座"算力升级的核心保 ...

Investment Rating - Industry investment rating: Outperform the market (expected to outperform the market by more than 5% in the next 6 months) [42] Core Insights - The development of commercial aerospace is accelerating, with a promising outlook for space computing capabilities. The continuous improvement in rocket technology and the increasing number of private rocket companies have led to a decrease in launch costs in China, with the cost per kilogram dropping from 115,000 RMB in 2020 to 75,000 RMB in 2024. It is expected to further decrease to 45,000 RMB by 2029 [6][3] - In 2024, China is projected to successfully launch rockets 68 times, with 74 launches already completed from January to November 2025, indicating a significant increase in launch activities [3][11] - The global space computing market is expected to grow significantly, with the market size projected to reach 2.8 billion USD by 2029, driven by advancements in satellite technology and AI applications in space [26][3] Summary by Sections Industry Dynamics - The cost of satellite launches in China has been decreasing annually, with a forecasted drop to 45,000 RMB per kilogram by 2029 [6] - The Chinese satellite market is expected to grow from 82.7 billion RMB in 2024 to 266.1 billion RMB by 2029, with a CAGR of 26.3% [17] - The deployment of computing clusters in space shows a significant cost advantage over ground-based systems, with a ten-year operational cost of 8.2 million USD in space compared to 167 million USD on the ground [22][23] Market Performance - The semiconductor industry index increased by 2.68% this week, outperforming the CSI 300 index by 2.76 percentage points. Since the beginning of 2024, the semiconductor index has risen by 80.19%, surpassing the CSI 300 index by 46.68 percentage points [32][30] - The overall P/E ratio for the semiconductor industry is 96.3 times, with 106 out of 168 A-share stocks in the sector experiencing price increases this week [36]