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Filtronic Soars – 700% Jump to Historic High After SpaceX Deal!
Investors Rejoice! Filtronic (LSE: FTC) is on FIRE! The once penny stock just skyrocketed by a jaw-dropping 12%, hitting a 16-year record of 104p. That’s right, folks! In just two short years, this stock has surged nearly 700%! Can you believe it?!
This isn’t just any ordinary company — Filtronic is a powerhouse in designing and manufacturing cutting-edge technology for aerospace, defense, space, and telecom sectors. But what’s got investors buzzing more than ever? A GAME-CHANGING partnership with none other than Elon Musk’s SpaceX!
Why the Sudden Surge?
Filtronic just landed a massive contract valued at nearly £17 million with SpaceX — the fourth contract since April 2024! Their mission? Supplying radio frequency components that support the revolutionary Starlink satellite constellation for high-speed global internet. Talk about hitting the jackpot!
CEO Nat Edington is over the moon! He declared: “We are delighted to have secured this substantial order, which underscores Filtronic’s reputation for delivering high-performance RF solutions to our market-leading customer.” Buckle up, shareholders — it looks like this ride is just getting started, with FY2025 and FY2026 set to blow the roof off!
Analysts Are Losing Their Minds!
In the wake of this phenomenal news, analysts are scrambling to revise their projections. The latest buzz from broker Cavendish sees revenue hitting £50.4 million this fiscal year — a staggering 98% growth year-on-year! Earnings per share are expected to jump a shocking 255%!
And while predictions for FY26 might seem a bit lower, don’t be fooled — this is a stock poised for potential explosive growth with the ever-expanding global defense and space market.
Potential Pitfalls Looming
But hold your horses! With great power comes great responsibility! As SpaceX’s revenue climbs, Filtronic faces increased customer concentration risks. If there’s a slip-up — like product faults or SpaceX deciding to go solo and manufacture in-house — it could spell DOOM for Filtronic’s share price.
SpaceX’s Mega-Mission to Dominate the Skies
And the plot thickens — barely a week goes by without SpaceX launching a new batch of satellites! Just on February 8, a fresh load of 21 satellites hit low orbit, including tech that connects directly to your smartphone! Picture this: T-Mobile’s Starlink seamlessly connecting where no cell signal exists.
Elon Musk aims to have a staggering 42,000 satellites in the sky, up from the current 7,000. It’s a monumental endeavor that promises to turn the world of internet connectivity on its head!
A Golden Opportunity to Get in on SpaceX Action!
For those yearning to invest in SpaceX, which remains a tantalizing $350 billion private entity, Filtronic might just be your golden ticket! The company claims its “cutting-edge technology… plays a crucial role” in deploying the Starlink constellation. If they can keep those contracts secure, the SALES are expected to DRIVE sky-high!
I don’t know about you, but the temptation to jump on this rocket is real! Keep your eyes peeled for an opportunity to cash in on this thrilling space saga!
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