Elon Musk targets space computing power! Photovoltaic concept stocks collectively strengthen, and the list of leveraged funds increasing positions is released.

Super merger rumors have officially materialized, with the photovoltaic equipment sector continuing to surge early in the trading session. Concepts such as HJT, TOPCon, and perovskite batteries led the gains, with Autowei hitting the 20cm daily limit up, Shuangliang Energy Saving and Tiantong Holdings hitting the limit up at the opening, and multiple stocks like Roboteck, Jingsheng Mechanical, and Dico Corporation rising over 10%. Junda Corporation, Qianzhao Optoelectronics, and Trina Solar also showed upward momentum.

SpaceX Officially Announces Merger with xAI

On February 2, local time, SpaceX, Elon Musk’s aerospace company, issued a statement announcing the acquisition of the AI company xAI, also under Musk’s umbrella, to integrate innovative resources across AI, rockets, and space internet. This move is seen as a significant step for SpaceX to pave the way for a super IPO.

Although specific details of the deal were not disclosed, sources familiar with the matter revealed that post-merger, the company’s stock price is expected to be around $527 per share, with a valuation reaching $1.25 trillion. SpaceX plans to use the funds raised from the listing to develop solar-powered orbital data centers, seen as a potential solution to the energy shortage for AI data centers.

In a statement on SpaceX’s official website, Musk said that this merger will create the most ambitious, vertically integrated innovation engine, covering AI, rocket technology, space-based internet, direct mobile device communication, and a leading global platform for real-time information and free speech.

“This not only marks a new chapter for SpaceX and xAI but also signifies the next phase of their mission: expanding scale, creating a perceiving sun to understand the universe, and extending the light of consciousness to the stars,” Musk wrote.

He stated that this acquisition is necessary because the global demand for electricity used in AI cannot be met through “ground solutions,” and Silicon Valley will soon need to establish data centers in space to support its AI ambitions.

Musk pointed out that, in the long run, space-based AI is clearly the only way to achieve scalable development. “The only reasonable solution is to transfer these resource-intensive tasks to places with abundant energy and space.”

Applying for Deployment of 1 Million Satellites

Just a few days ago, the U.S. Federal Communications Commission (FCC) disclosed a series of new documents related to SpaceX’s application to launch and operate a constellation of up to 1 million satellites.

Notably, this application does not aim to expand the Starlink internet constellation but to establish a new system called “Orbital DataCenter,” designed to provide powerful computing capabilities for advanced AI models and related applications.

It is reported that these satellites will operate in “sun-synchronous orbits at altitudes of 500 km to 2000 km with a 30-degree inclination,” directly utilizing nearly constant solar energy, with minimal operational or maintenance costs, thus achieving revolutionary cost reductions and energy efficiency improvements, while significantly reducing the environmental impact of ground data centers.

Musk also elaborated on the technical roadmap for transferring AI computing power to space in the aforementioned merger announcement. He expects that within 2 to 3 years, space will become the lowest-cost way to generate AI computing capacity. This cost efficiency will enable companies to train AI models and process data at unprecedented speeds and scales.

Institutions: Space Photovoltaic Market Has Vast Potential

Against the backdrop of booming commercial space development, space photovoltaics, as a core upgrade for power systems, is moving into a new stage of technological advancement and industrialization driven by large-scale constellation deployment.

Data shows that the space photovoltaic industry chain involves three main segments: battery manufacturing, auxiliary materials, and related equipment. According to industry forecasts, from 2025 to 2030, the demand for space photovoltaics will mainly serve traditional applications like low-earth orbit satellites, with a market size potentially reaching hundreds of billions of yuan; after 2030, if space computing power enters an optimistic deployment phase, demand for space photovoltaics could see a stepwise expansion.

CICC’s latest research report indicates that as China’s low-earth orbit constellation enters a period of dense deployment, with increasing single-satellite power and new applications like space computing, it is recommended to seize the industry-wide transformation brought by space photovoltaics, and to continue monitoring the rapid development of manufacturing sectors.

“We believe that in the short term, perovskite combined with existing solar cell technology will be the mainstream development direction for space applications. In the long term, perovskite technology is expected to accelerate the transition to independent space power supply scenarios,” CICC stated.

(Image source: CICC research report)

According to Guosheng Securities, driven by the explosive global demand for space energy and the accelerated restructuring of the China-U.S. supply chain, Chinese photovoltaic companies with aerospace certification, technological validation, and large-scale delivery capabilities are moving from “ground support” to “space-based core,” making space photovoltaics a potential new growth blue ocean.

Funding Investors Rush into Multiple Photovoltaic Equipment Stocks

Industry sector data from Eastmoney shows that currently, there are 78 photovoltaic equipment stocks in the A-share market. As of February 2, 57 stocks have seen their share prices rise, accounting for over 70%. Among them, Autowei’s stock price surged 1.14 times to lead the photovoltaic equipment sector, with Junda Corporation, Laplace, and Dico Corporation increasing over 70%, and Liansheng Technology, Tolian New Energy, and Shuangliang Energy Saving rising between 40% and 60%.

On the capital side, a total of 42 photovoltaic equipment stocks received net financing inflows this year, with 25 stocks having net buy-ins exceeding 50 million yuan. Longi Green Energy, Jiejia Weichuang, and Maiwei Co., Ltd. each attracted financing of 503 million, 428 million, and 300 million yuan respectively. Laplace and Tongwei Solar also saw leveraged funds increase by 297 million and 234 million yuan, while Jinko Solar, A-Plus, Juhe Materials, and Shuangliang Energy Saving each had net financing inflows between 140 million and 190 million yuan.

In terms of institutional attention, nine photovoltaic equipment stocks have been surveyed by institutions this year. Notably, Dico Corporation was visited by 118 institutions, while ST Jingji and A-Plus attracted 48 and 47 institutions respectively. Trina Solar, Haiyou New Materials, Yamaton, and Junda Corporation each received over 15 institutional surveys.

Recently, Dico Corporation stated during institutional visits that the company will continue to focus on its electronic slurry main business, extending from traditional photovoltaic conductive slurry and semiconductor packaging materials to space photovoltaics and commercial aerospace applications, expanding domestic and international markets, and consolidating its market-leading position.

The chairman of Trina Solar previously announced in the 2026 New Year’s speech that the company will accelerate the commercialization of perovskite mass production, opening a new era of space photovoltaic interstellar computing.

Recently, Trina Solar also revealed on interactive platforms that the company has long-term comprehensive layouts in three major directions: crystalline silicon batteries (such as HJT), perovskite tandem batteries, and III-V compound gallium arsenide multi-junction batteries, achieving leading R&D results. In promoting commercial applications, the company has collaborated closely with domestic aerospace institutes and enterprises based on its leading achievements, and has partnered with overseas aerospace organizations, accumulating extensive practical experience in space solar energy.

(Article source: Eastmoney Research Center)