CITIC Securities: Acceleration of Low Orbit Satellite Networking, Multiple New Products Released at Computex

CICC research report pointed out that Qianfan Constellation launches three times a week, with 200 satellites in orbit. In June, Wenchang plans 5 launch missions, and several private rockets are set to debut soon. The supply of rockets continues to increase, improving launch service capabilities, and the commercial aerospace industry is expected to accelerate its development. SpaceX is about to go public, potentially quickly joining the NASDAQ, and the sector's value is expected to be reassessed. A number of new products were launched at Computex, with a focus on cloud to cabinet-level development, and further acceleration of deployment at the edge. NVIDIA and Intel have introduced cabinet-level products; NVIDIA has released AIPC chips and multiple updates for physical AI, expanding around autonomous driving and embodied intelligent applications comprehensively.