Filtronic soars as satellite comms firm agrees another SpaceX deal Shares in AIM-listed satellite communications specialist Filtronic soared on Monday after the group revealed another significant contract win with Elon Musk’s SpaceX.
It follows a deal announced last year to provide modules for SpaceX's Starlink satellite constellation, which saw the rocket company buy up to 10 per cent of Filtronic’s shares.
Analysts at Edison wrote in a note: ‘The close working relationship with SpaceX provides the company with good visibility into FY26 and the conversion of recent design wins in the aerospace and defence market into orders could provide further support.
Filtronic told shareholders it had agreed a $20.9million (£16.8million) deal to provide SpaceX, the group’s top customer, with radio frequency solutions over the 2025 and 2026 financial years.
‘The relationship with SpaceX [has] the potential to widen the customer base in the space market and growing penetration of the aerospace and defence market all provide avenues for sustainable growth.’.
