Minsheng Securities research report pointed out that on October 13 at 8:25 p.m. Beijing time, the Starship successfully completed its fifth test flight mission at Boca Chica, Texas, injecting a strong stimulant into the global low-orbit satellite industry chain and deep space exploration industry. The successful attempt to recover the Starship is expected to further reduce the deployment cost of low orbits in the future and optimize commercial operation. Domestic progress suggests focusing on the evolution of terminal satellite functions applications (such as direct connection with mobile phones) + satellite bidding + network satellite launches + commercial rocket upgrades and iterations. Overseas suggestions focus on the follow-up SpaceX Starship flights + progress in terminal direct connection services, while also recommending attention to the strong catalyzation of central and local policies, the establishment of industry standards and protocols, and other related developments. Stocks to watch: guangzhou haige communications group incorporated, jushri technologies, inc, anhui landun photoelectron.