CITIC Securities: It is expected that China will officially enter the satellite internet high-frequency networking stage from 2026.

The research report of CITIC Construction Investment stated that it is expected that starting from 2026, China will officially enter the high-frequency networking phase of satellite internet. With the gradual advancement of domestic satellite internet construction demand, the overall scale of the industry is expected to increase rapidly in the coming years. It is recommended to focus on the upstream satellite manufacturing and rocket launch end of the industry.