Filtronic, the specialist provider of high-performance RF, microwave, and mmWave technology solutions, has announced a significant enhancement to its strategic partnership with SpaceX.
Filtronic has announced a series of updates on its relationship with SpaceX this year, and today’s news will see that agreement expanded, paving the way for SpaceX to increase its allocation of business to Filtronic.
Under the expanded agreement, Filtronic will supply greater volumes of its advanced E-band SSPA modules for SpaceX’s Starlink satellite constellation. The closer ties reflect SpaceX’s continued confidence in Filtronic’s technological capabilities and engineering expertise which bodes well for Filtronic in the near term.
Further deepening the arrangement, Filtronic has issued 10,949,079 warrants to SpaceX at an exercise price of 92.8 pence. These warrants enable SpaceX to subscribe for up to 5% of Filtronic’s existing share capital, which will vest based on the receipt of purchase orders.
SpaceX clearly likes what Filtronic are doing.
“We are delighted to enter this important new phase of our strategic partnership with SpaceX,” said Nat Edington, Chief Executive Officer, of Filtronic.
“The new agreement demonstrates the value of our technology to one of the world’s most innovative technology companies and secures further significant supply of E-band SSPAs into the Starlink constellation. This gives us greater visibility and confidence that we are trading marginally ahead of market expectations for our financial year ending 31 May 2026. This continues to be an exciting time for the business, and we look forward to continuing our relationship with SpaceX.”