CITIC Securities: Space computing power accelerates catalysis, focusing on investment opportunities in inter-satellite laser and other payloads

CITIC Securities pointed out that since November, the domestic low-orbit satellite networking has accelerated, and satellite payloads are key to achieving satellite networking communication functions. Among them, the "inter-satellite laser link" is responsible for star-to-star transmission, serving as an upgraded technology for microwave communication, with high technical barriers, and is a key support for the practical application of space computing power from concept. It is expected that with the increase in the number of satellites, the enhancement of single-satellite computing power, and the complexity of satellite networks, the importance of inter-satellite lasers will further increase. It is recommended to pay attention to companies that currently have a leading position in the payload sector