Understanding the Market | Drinda rose nearly 6% as Meta plans to introduce space photovoltaic-driven AI data centers, with ample orders on hand
Drinda's stock price rose nearly 6%, with an increase of 5.79% as of the time of publication, trading at HKD 32.9, with a transaction volume of HKD 204 million. Meta has reached a partnership with Overview Energy to bring space solar power to data centers, aiming for commercial power delivery by 2030. Drinda enhances its order capacity in the fields of remote sensing, communications, and computing satellites by acquiring a 60% stake in Shanghai Fuyuan Xinghe Aerospace Technology, and provides verification resources for space photovoltaics
According to Zhitong Finance APP, Drinda (02865) rose nearly 6%, as of the time of writing, up 5.79%, priced at HKD 32.9, with a transaction volume of HKD 204 million.
In terms of news, recently, according to market media reports, META announced a partnership with Overview Energy to bring space solar power to data centers. This agreement allows the company to have priority access to Overview's space solar power system with a power capacity of up to 1GW. An initial orbital demonstration is planned for 2028, with commercial power delivery expected by 2030. Nat Sahlstrom, Vice President of Energy and Sustainability at Meta, stated in a press release that this move is part of Meta's large-scale artificial intelligence investment plan, in which the company is investing hundreds of billions of dollars to ensure the energy, infrastructure, and computing power needed for its AI initiatives.
According to Guojin Securities' estimates, assuming that the average power of global satellites per unit increases proportionally with a 50% expansion in solar wing area from 2026 to 2028, the new installed capacity of space photovoltaics will exceed 400MW in 2026 and is expected to reach 4GW by 2028. Dongwu Securities pointed out that Drinda is acquiring 60% of Shanghai Fuyuan Xinghe Aerospace Technology through cash, indirectly controlling Shanghai Xuntian Qianhe; the company has ample orders on hand, covering various types of satellites in remote sensing, communications, and computing power, while also providing in-orbit verification resources for space photovoltaics
