1. STMicroelectronics has shipped over 5 billion antenna chips to SpaceX's Starlink. 2. Future shipments could double this number within two years.
FAQ
Why Very Bullish?
The massive orders from SpaceX indicate high demand for STM's products, with potential revenue doubling. Historically, partnerships with tech giants like SpaceX lead to stock price increases due to enhanced market perception.
How important is it?
The scale of orders emphasizes STM's strategic importance in the tech industry, likely influencing investor sentiment. Such partnerships often lead to increased stock performance due to anticipated future earnings.
Why Long Term?
Consistent chip deliveries to SpaceX can secure STM's position in the market, fostering long-term growth like past collaborations with high-tech firms. Previous trends indicate sustained benefits from strategic partnerships.