Recently, the logic behind commercial spaceflight has become increasingly clear. Overseas applications have already formed a closed commercial loop, and the emerging sectors of 6G and space computing demand a huge space for growth. Domestically, the number of constellations is rapidly increasing, satellite manufacturing chains are beginning to deliver real results, and rocket launch chains are also poised for breakthroughs driven by technological advancements and supply shortages. Coupled with continuous policy support and influxes of new capital, the overall market height and duration may exceed expectations.

When adjusting, it’s important to see clearly. Leading companies in each segment are likely to continue reaching new highs, especially those in niche areas with value inflation attributes—such as phased array antennas, satellite solar wings, and 3D printing, which are all very promising.

Specifically, in satellite payloads, there are Tianyin Electromechanical, Fenghuo Communications, Xinke Mobile, Zhenlei Technology, Shanghai Hànxùn, and Aerospace Electronics; in rockets, focus on Chaojie Shares, Bolite, and Yinbang Shares; in satellite platforms, look at Fudan Microelectronics, Unigroup Microelectronics, and Aerospace Intelligent Equipment; in application terminals, don’t overlook Jiuzhiyang, Xinwei Communications, Tongyu Communications, and Guobo Electronics; in space computing, consider Shunhao Shares, Shanghai Harbor, and Qianzhao Optoelectronics; and in the hidden sector of ceramic heat insulation tiles, Huqin Technology, Torch Electronics, and China Steel Luonai. The entire industry chain offers plenty of opportunities from top to bottom.