--- title: "SpaceX reaches agreement with Google! Satellite ETF China Merchants (159218) sees a counter-trend inflow of 40 million, CATEC rises 1.21% against the market!" type: "News" locale: "en" url: "https://longbridge.com/en/news/288989645.md" description: "SpaceX has reached a $920 million cloud service agreement with Google and plans to raise $75 billion through an IPO on June 12. Due to this positive news and expectations of the industry evolving towards \"space computing power,\" the China Merchants CSI Satellite Industry ETF (159218) saw a counter-trend influx of funds, with a net inflow of approximately 40 million yuan during the trading session, accumulating a total net inflow of 86 million yuan over three consecutive days. CATEC rose 1.21% against the market trend, indicating that the sector continues to attract long-term investment funds" datetime: "2026-06-08T02:15:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288989645.md) - [en](https://longbridge.com/en/news/288989645.md) - [zh-HK](https://longbridge.com/zh-HK/news/288989645.md) generator: "portal-rs" --- # SpaceX reaches agreement with Google! Satellite ETF China Merchants (159218) sees a counter-trend inflow of 40 million, CATEC rises 1.21% against the market! On the morning of June 8, the satellite industry chain experienced fluctuations and adjustments. As of 10:06 AM, the Satellite ETF China Merchants (159218) fell by 1.59%. Among the major weighted stocks, CATEC rose against the trend by 1.21%, China Satellite fell by 1.18%, China Satcom fell by 1.19%, Zhongke Star Map fell by 1.87%, and Guobo Electronics fell by 0.50%. In terms of capital flow, the ETF saw a net inflow of approximately 40 million yuan during the session, with a cumulative net inflow of about 86 million yuan over the past three days, and a year-to-date share expansion of 172.85%, indicating a clear trend of capital inflow against the current. In terms of news, SpaceX is set to go public on June 12, raising a record $75 billion, marking a historic moment for the global commercial space industry. Additionally, SpaceX has reached a cloud service agreement with Google worth $920 million per month, deeply integrating cloud services with satellite internet, evolving the industry from "constellation networking" to "space computing power." Analysis indicates that as the first ETF tracking the China Securities Satellite Industry Index in the market, the Satellite Industry ETF (159218) covers upstream, midstream, and downstream companies involved in satellite manufacturing, launching, and navigation communication applications, with "the combined weight of satellite manufacturing and launch basic fields not less than 50%." With substantial breakthroughs in the commercialization process on the horizon, this sector is expected to continue attracting long-term investment attention ### Related Stocks - [600879.CN](https://longbridge.com/en/quote/600879.CN.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [SATS.US](https://longbridge.com/en/quote/SATS.US.md) - [VCX.US](https://longbridge.com/en/quote/VCX.US.md) - [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md) - [PL.US](https://longbridge.com/en/quote/PL.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [159218.CN](https://longbridge.com/en/quote/159218.CN.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [ECHO.US](https://longbridge.com/en/quote/ECHO.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [600118.CN](https://longbridge.com/en/quote/600118.CN.md) - [601698.CN](https://longbridge.com/en/quote/601698.CN.md) - [688568.CN](https://longbridge.com/en/quote/688568.CN.md) - [688375.CN](https://longbridge.com/en/quote/688375.CN.md) ## Related News & Research - [Google Lost About $186 Billion After 4 of Its Top AI Researchers Left, but Sundar Pichai Says Google Will Be ‘A Founding Investor’ Anyway](https://longbridge.com/en/news/296636401.md) - [Harvard University discloses $2.2B holding in SpaceX, Bloomberg says](https://longbridge.com/en/news/296029750.md) - [Google Is Reportedly Working with AMD for Its New TPU. What This Means for AMD Stock.](https://longbridge.com/en/news/296528134.md) - [Satellite maker Muon Space valued at $1.5 billion, source says](https://longbridge.com/en/news/296506264.md) - [Harvard Reveals $2.2 Billion SpaceX Stake, Its Largest Public Equity Holding: University's Bet on Elon Musk-led Company Outshines Amazon and Nvidia](https://longbridge.com/en/news/296055204.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**