SpaceX Secures 10% Stake in British Firm Filtronic

The investment deepens SpaceX's ties with Filtronic, boosting its satellite internet capabilities.

SpaceX has agreed to acquire a 10% stake in British electronics company Filtronic, which was founded in a professor's garage 47 years ago.
Filtronic's shares surged by over 50% following the announcement of the strategic agreement with SpaceX.
The deal includes a $19.7 million purchase order from SpaceX for components that will enhance the Starlink satellite network.
Filtronic, originally a military components supplier, has expanded its focus to include aerospace and telecom products.
The partnership is expected to significantly boost Filtronic's sales in the upcoming fiscal years.