GCL TECH (03800) opened significantly higher, gaining more than 5%. As of the time of writing, the stock was up 5.56%, trading at HK$1.14 with a turnover of HK$30.36 million.

The price movement follows reports that a team from Elon Musk's companies, including SpaceX, recently visited several Chinese photovoltaic enterprises. An executive from the GCL Group responded that a team from Musk's companies did indeed visit the group that day to learn about GCL's granular silicon and perovskite business operations in the United States.

Guotai Haitong Securities analysts believe that as SpaceX advances its satellite launch plans and related in-orbit application strategies, the trend of exploring orbital AI data centers is becoming increasingly apparent. As a crucial energy supply solution for space-based scenarios, photovoltaics are expected to see greater application opportunities during the construction of these orbital data centers, which will continue to benefit relevant photovoltaic equipment manufacturers.