Filtronic plc (FLTCF)
- The Telegraph
Musk’s SpaceX invests in British engineering company started in professor’s garage
Elon Musk’s SpaceX has agreed to acquire a 10pc stake in a British electronics company that was founded in a professor’s garage 47 years ago.
- Reuters
Filtronic's shares surge 50% on deepening supply deal with Musk's SpaceX
Filtronic, which manufactures products for the aerospace, defence, space and telecom infrastructure markets, already supplies Starlink with E-band solid state power amplifiers (SSPA), which are used for low-earth orbit satellites. SpaceX will also get 21.7 million warrants in Filtronic, enabling it to subscribe for up to 10% of its shares. The partnership was executed with an initial purchase order of $19.7 million to supply E-band SSPA modules, scheduled for delivery in fiscal 2025, Filtronic said.
- Simply Wall St.
Filtronic plc (LON:FTC) has caught the attention of institutional investors who hold a sizeable 46% stake
Key Insights Institutions' substantial holdings in Filtronic implies that they have significant influence over the...
