China Securities: Low-orbit satellite networking accelerates, multiple new products unveiled at Computex

In June, Wenchang has scheduled five launch missions, with several private rockets set for their maiden flights soon. The rocket supply side is gradually becoming more diversified, combined with improved launch service support capabilities, which may accelerate the progress of the commercial space industry. SpaceX is about to go public and is expected to be included rapidly in the Nasdaq, leading the sector to a potential revaluation. Multiple major new products were unveiled at Computex, with cloud development moving towards rack-level solutions and edge deployment accelerating further. NVIDIA and Intel released rack-level products; NVIDIA also introduced AIPC chips and several physical AI updates for edge applications, expanding comprehensively around autonomous driving and embodied intelligence.