Computing Power "Taking Off" with Broad Prospects; Space Photovoltaic Concept Continues to Heat Up

On March 17, space photovoltaic concept stocks performed well, with many stocks in the sector seeing gains.

In terms of news, breakthroughs have been made in the space computing power field, which uses space-based photovoltaic energy as its core energy source. Recently, Beijing Zhongke Tiansuan Technology Co., Ltd. and Yanhe Technology Co., Ltd. jointly announced the official release of a space supercomputing prototype system, successfully completing full-process integration and verification of the space computing system and perovskite energy system. This marks a leap forward for China in two key areas: core space supercomputing technology and space-based energy supply.

Multiple demands are creating a new blue ocean

The so-called space computing power refers to deploying artificial intelligence computing resources, originally located in ground data centers, via dedicated satellites into space. The resulting space computing network can provide AI inference, data processing, and other computing services for both ground and space scenarios. It also enables remote control of ground intelligent devices from space, representing an important direction for commercial space to extend into high-value-added fields.

How did this seemingly sci-fi concept emerge? “The main reason is the bottleneck in ground computing power development,” an investor in the tech sector told Securities Daily. As AI technology rapidly advances, ground data centers have become “energy monsters,” facing not only tight power supply issues but also increasing heat dissipation challenges caused by high power consumption. Space, with its 24-hour uninterrupted solar energy and near-absolute-zero natural cooling environment, can better address the energy and cooling bottlenecks of ground computing power.

Currently, both domestic and international players are actively deploying space computing power. Overseas giants like NVIDIA, SpaceX, and Google are leading the way; domestically, China’s “Trisolar Constellation” has successfully launched 12 satellites and achieved on-orbit networking and space computing verification.

Market research firm ResearchAndMarkets predicts that by 2035, the global on-orbit data center market (a key carrier of space computing power) will reach $39 billion, with a compound annual growth rate of 67.4% from 2025 to 2035.

Accelerating the industrial chain deployment of space computing power

Domestic industry chain companies and listed firms are also making frequent moves in the space computing power field. For example, Quanmou Technology (Suzhou) Co., Ltd., through its subsidiary Zhejiang Xinji Chuanqiao Technology Co., Ltd. (hereinafter referred to as “Xinji Chuanqiao”), is leading the way. On March 16, Xinji Chuanqiao successfully launched its first “Yao Tai” computing base station aboard a rocket from Jiuquan Satellite Launch Center. The base station is deployed in a 561-kilometer sun-synchronous orbit and will conduct extreme environment system capability tests. The company also plans to build a space supercomputing center with an estimated deployment of 2 million computing satellites, marking a key step from R&D to industrialization.

Chengdu Guoxing Aerospace Technology Co., Ltd., a leading enterprise in the space AI field, has also made significant progress in commercializing space computing power. The company completed the deployment of the world’s first space computing constellation last year and co-established China’s first space computing joint laboratory with Shanghai Jiao Tong University, focusing on autonomous and controllable space computing chips. Currently, it has deployed and run inference for general large models like Alibaba’s Qwen3 on orbiting satellites, initiating commercial on-orbit computing services, with plans to complete the first phase of a 2,800-satellite network by 2030.

In February this year, Jiangsu Huachen Transformer Co., Ltd. and Shanghai Dongfang Tiansuan Technology Co., Ltd. signed a strategic cooperation agreement to jointly promote the integration of energy and computing power in “space-ground coordination,” accelerating the construction of new power systems and upgrading space-based computing infrastructure.

Gao Heng, director of Nanjing Huarun Technology Co., Ltd., told Securities Daily, “In the future, space computing power will play a key role in scenarios such as ultra-large-scale AI training, real-time space data processing, and global low-latency communication.”