Bulk Limit Up! Commercial Spaceflight Shows Early Morning Fluctuations, Musk Continues Major Moves

February 3 Morning Trading, the commercial aerospace concept opened high and surged 3.67%, with individual stocks triggering a wave of limit-ups—Hailanxin hit the 20CM limit-up, Roboteck, Dico Shares, Chunhui Smart Control, Longhua Technology, Qianzhao Optoelectronics rose over 10%, and more than ten stocks including Urban Construction Development, Shenjian Shares, Taihao Technology, Julli Rigging, Vogt Optoelectronics, Eastern Tantalum, Tiantong Shares, Jinyu Group, Jiangshun Technology, Parker New Materials, Tongyu Communications, Aero-Engine Control, Zhongchao Holdings, Aerospace Development, CIMC Group hit the daily limit-up.

SpaceX Promotes Space Computing Aggressively

In news, on February 2 local time, Elon Musk’s space exploration company SpaceX announced the acquisition of AI startup xAI. In the announcement, Musk emphasized that integrating xAI into SpaceX aims to create a “vertically integrated innovation engine” covering the entire technology chain from ground to space. The announcement was published on xAI’s official website and signed by Musk himself.

According to foreign media citing sources familiar with the matter, the merged company is expected to be priced at about $527 per share, with a valuation reaching $1.25 trillion. Meanwhile, under the merger agreement, xAI will become a wholly owned subsidiary of SpaceX. Some investment banks currently estimate that SpaceX’s IPO could raise over $50 billion, making it the largest IPO in history globally.

Image source: CCTV Finance

Additionally, according to CCTV Finance on January 31, SpaceX submitted an application to the U.S. Federal Communications Commission (FCC) on January 30, planning to launch up to 1 million satellites to create an “Orbital Data Center.” According to SpaceX, this “Orbital Data Center System” can support advanced AI models and related applications. Compared to building traditional AI computing centers on Earth, utilizing solar energy in space offers extremely low operation and maintenance costs, enabling a revolutionary increase in energy efficiency.

Documents submitted by SpaceX to the FCC show that a constellation of 1 million satellites will operate as an orbital data center, which is not only a step toward “Kardashev Type II civilization,” a civilization capable of fully utilizing the sun’s energy, but also will provide AI-driven applications for billions of people today and lay the foundation for humanity’s multi-planetary survival.

China’s Commercial Space Entering the “Golden Decade”

Currently, commercial space has become one of the main battlegrounds in global technological competition and strategic game. Major countries are accelerating the development and deployment of large low-earth orbit constellations, pushing the commercial space industry to accelerate iteration and upgrade.

Domestically, at the start of the new year, China’s commercial space sector has been active. The Li Hong-1 remote sensing aircraft completed China’s first suborbital parachute recovery test at the 100-kilometer level; the Ganymede-1 sea-launch rocket and Long March 12 launch vehicle have successively launched satellites; Hainan Commercial Space Launch Site Phase II construction is over half complete, expected to enter equipment installation and debugging after the Spring Festival; China’s first interstellar navigation academy has been established… From technological breakthroughs to industry integration, China’s commercial space industry is pressing the “accelerate” button.

Currently, China’s commercial space has formed four major industrial belts: Beijing-Tianjin-Hebei, Yangtze River Delta, Greater Bay Area, and Western regions, with 28 distinctive commercial space industry clusters established. The industry development framework is basically taking shape, and scale effects are beginning to emerge.

According to the People’s Post and Telecommunications News, regarding the prospects of China’s commercial space development, many experts agree that China’s commercial space will enter a “golden decade” of rapid development. However, key issues such as “raising standards” and “strengthening and supplementing chains” need to be addressed. Supporting the construction of low-earth orbit satellite constellations on higher technological platforms and larger industrial scales will gradually paint a new picture of “stars and seas,” from infrastructure to ecological prosperity, from technological breakthroughs to industrial empowerment.

In A-shares, according to data from Eastmoney Choice, since November 24, 2025, the concept of commercial space has remained active. As of the midday trading on February 3, 2026, the overall increase in the concept reached 49%, with 28 constituent stocks doubling in price. However, it is worth noting that this sector is still largely in the concept and theme stage. Investors should be aware of the potential for increased volatility after rapid rises, as well as the pace of future fundamentals realization. Long-term performance of the sector remains to be verified.

（Source: Oriental Fortune Research Center）