Zerun New Energy, the Pioneer in Space Photovoltaics

【Behind SpaceX and xAI Merger, Musk Targets Space Computing Power】 The world’s richest man, Elon Musk, has announced the official merger of his two core companies. On February 2nd, local time, SpaceX posted a statement signed by Musk on its official website, confirming the merger with artificial intelligence company xAI. The statement said that after the merger, the company will integrate AI, rockets, space-based internet, and direct communication with mobile devices. Reports indicate that the post-merger company is expected to be priced at about $527 per share, with a valuation reaching $1.25 trillion. Musk stated in the announcement that current AI technology heavily depends on large ground-based data centers, which consume vast amounts of electricity and incur extremely high cooling costs. Relying solely on ground solutions, even in the short term, to meet the global electricity demand for AI would impose a heavy burden on human society and the natural environment. Musk believes the only reasonable solution is to shift these resource-intensive computing tasks to space, which has unlimited energy and space. “By directly utilizing near-continuous solar energy with extremely low operational costs, these satellites will completely transform our scalable computing capabilities.” He also predicts that within the next 2 to 3 years, generating AI computing power in space will become the lowest-cost method. “The cost advantage alone will enable innovative companies to train AI models and process data at unprecedented speed and scale, accelerating human breakthroughs in the physical realm and developing technologies that benefit humanity.” Therefore, the integration of SpaceX and xAI is seen as a key step in Musk’s space-based computing layout. He has previously warned multiple times that energy-intensive data centers pose an endless demand for electricity, which could become the ultimate obstacle to future AI development. Recently, SpaceX submitted an application to the U.S. Federal Communications Commission (FCC) to launch and operate up to one million satellites, which will serve as orbital data centers to provide computing power for large-scale AI inference and training. These satellites will operate in multiple orbital layers at altitudes of 500 to 2000 kilometers to meet global demand. The system will rely on solar power, reducing operational costs and environmental impact compared to ground data centers. (Jiemian News) [Taoguba]

【The World’s Most Expensive Unicorn! SpaceX Acquires xAI to Build Space-Based Computing Network】 On February 2, 2026, U.S. local time, SpaceX officially announced its full acquisition of AI startup xAI. This move is a significant step in Musk’s recent push for vertical integration of his business empire, driven by the demand to build AI data centers in space. “SpaceX’s acquisition of xAI aims to create a ‘vertically integrated innovation engine’ spanning surface and space. This engine will deeply integrate AI, launch rockets, space-based internet, direct mobile communication, and real-time information platforms.” In an internal memo made public by SpaceX, Musk wrote that this merger marks a new chapter in their mission, using space-based energy networks to build a “stellar-level” AI computing infrastructure to break through the physical limitations of surface energy for computing expansion. (21 Finance)

Recently, the poster has published three consecutive posts optimistic about space photovoltaics, accompanied by many research reports, summarized as follows:

1. 【CITIC Securities: Space Photovoltaics Are Not Hype, Entering the Era of Large-Scale Deployment, Long-Term Market Potential Could Grow Over 30 Times】
   

2. 【Open Source Electric New】SpaceX applies for one million AI satellites, confirming the trillion-dollar market for space photovoltaics
   SpaceX plans to launch up to 1 million AI computing satellites
   SpaceX has submitted an application to the FCC to launch up to 1 million satellites into low Earth orbit at 500-2000 km altitude, to build a global orbital data center network. Based on a 150 kW power per satellite, the total power would reach 150 GW.
   The inflation logic of space photovoltaics
   Unlike ground-based PV’s extreme cost competition, space PV prioritizes power supply reliability. High trial-and-error costs and long on-orbit testing cycles raise industry barriers. Core barriers include the ability to connect with commercial resources, brand recognition, technological R&D, and engineering implementation. Early movers will have significant advantages. As hundreds of GW of space computing power market is unleashed, combined with high unit value of space PV cells, it will open a trillion-dollar market space for the PV industry.
   Beneficiaries among equipment manufacturers
   Musk stated at the Davos Forum that SpaceX and Tesla are pushing to build 100 GW of PV manufacturing capacity in the U.S. within three years. Recently, Tesla, SpaceX, and domestic PV equipment manufacturers have been engaging in intensive communication and factory inspections, covering silicon wafers, multi-technology route batteries, and module manufacturing, further confirming their plans to build PV capacity in the U.S.
   Highly recommended X, T chain companies, and those with first-mover advantages:
   Equipment: Maiwei Co., Jiejia Weichuang, Laplace, Autowei, Liancheng CNC, Dier Laser, Shuangliang Energy Saving, Gaoce Co., Yujing Co., Jingsheng Electromechanical, Jingshan Light Industry;
   Technology: Risen Energy, Junda Co., Trina Solar, Jinko Solar, GCL Technology, Shanghai Harbor;
   Auxiliary Materials: Foster, Dike Co., Haiyou New Materials.

3. 【Open Source Securities】In-Depth Report on Space Photovoltaics: Reaching for the Stars in Solar Power
   

4. 【Huaxi Musk Research Team】SpaceX applies to deploy one million satellites
   

The poster sold Liancheng CNC early yesterday morning and then doubled down on ZeRui New Energy, but unfortunately, due to concerns about the price ceiling, they didn’t set a high buy-in during the noon session, resulting in only half of the order being filled at the open in the afternoon, and they didn’t chase the stock afterward. They plan to add more positions at the early morning, but with a first-mover advantage, if the trend doesn’t meet expectations, they will liquidate the old holdings at any time. Follow-up gains and losses are at your own risk.

Jiangsu ZeRui New Energy Technology Co., Ltd. mainly focuses on new energy electrical connection, protection, and intelligent technology fields, providing integrated solutions for PV module junction boxes. The company is a high-tech enterprise specializing in new energy electrical connection, protection, and intelligent technology, with core business in integrated solutions for PV module junction boxes. The company adopts a direct sales model, with over 94% of main business revenue, mainly from PV module junction boxes, accounting for 94.25%. Its products are mainly used in PV modules, serving the global PV industry chain, with 63.31% domestic sales, including clients like TCL Zhonghuan, Aters, GCL Integration, Yijian Optoelectronics; 36.69% export sales, including Maxeon, Runergy, etc. The company has established partnerships with downstream clients and is actively exploring and developing next-generation thin-film battery module technology—perovskite modules and their compatible junction boxes.

The connection between ZeRui New Energy and space photovoltaics is shown in the diagram below (Risk reminder: AI-fed results may vary in quality, for reference only)

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