Minsheng Securities research report points out, 1) Satellite internet construction is imperative, China Star Chain is making steady progress. Satellite internet, as a supplement and extension of ground communication networks, is being increasingly widely used globally. 2) Qianfan Constellation gathers core resources of the Yangtze River Delta. 3) Third-generation satellites are progressing step by step, and the demand for going global is gradually emerging. The success of the Qianfan Constellation proves that despite strong competition pressure from constellations like SpaceX, China's commercial communication constellation still has broad overseas space. With the continuous development of satellite networking, the layout of ground infrastructure and terminal systems will accelerate, laying the foundation for subsequent commercial applications. The accelerated deployment of low-orbit communication constellations will bring huge market demand to the domestic satellite and commercial rocket industries. As the Qianfan Constellation network officially kicks off, the continuing overseas demand logic confirms that the global market is expected to see successive networking of China's constellations and continued opening up of rocket technology. Recommendations include focusing on: Shenzhen Sunway Communication, grg metrology & test group, Guangzhou Haige Communications Group Incorporated.