SpaceX Order Drives British Smallcap Filtronic to 16-Year High
- Filtronic gets $20.9 million order from Elon Musk’s SpaceX
- Stock soared 600% in two years on multiple contract wins
Filtronic signed a five-year strategic partnership with SpaceX in April last year.
Photographer: Miguel J. Rodriguez Carrillo/Getty ImagesElon Musk’s Space Exploration Technologies Corp. has propelled the shares of a small British telecom-equipment maker to a 16-year high.
Filtronic plc said on Monday it had received an order worth $20.9 million from SpaceX — the fourth contract from the rocket maker, a key customer. As a result, its results for fiscal years 2025 and 2026 will exceed market expectations, the Sedgefield, England-based company said.