Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

SpaceX Rises Over 2% Pre-Market: Musk Says 100GW Annual Capacity Solar Cell Equipment Ordered to Support Starmind Satellite Project

Source Tradingkey

TradingKey - On November 11, Eastern Time, SpaceX (SPCX) rose more than 2% in pre-market trading. Earlier, German equipment manufacturer SINGULUS TECHNOLOGIES announced the signing of a supply contract with SpaceX for solar cell production equipment.

Subsequently, Musk stated on X that SpaceX had ordered heterojunction (HJT) solar cell manufacturing equipment with an annual capacity of 100 GW from SINGULUS to support the Starmind satellite project.

spcx-11-1-32c5887283db49a78f6118022b2b244a

[Source: X]

This partnership indicates that SpaceX is accelerating its deployment of in-house solar cell production to provide power for Starmind satellites and to offer manufacturing capacity for expanding its space computing infrastructure in the future.

Boosted by news of the SpaceX partnership, shares of SINGULUS TECHNOLOGIES surged nearly 90% intraday on Germany's Xetra exchange on November 11, touching a high of 24 euros, up about 89% from the previous trading day's close.

SpaceX Signs Over €60 Million Contract With Singulus

According to an announcement released by SINGULUS on November 10, the company has signed a supply contract with SpaceX for HJT (heterojunction) solar cell production lines. The order value for the first turnkey production line exceeds 60 million euros, with delivery expected in the first half of 2027.

The contract is part of a strategic partnership between the two companies. SINGULUS plans to subsequently supply multiple production lines to SpaceX and develop high-performance solar cells and related manufacturing equipment.

Mike Nicolls, senior vice president of Starlink at SpaceX, stated that the collaboration will provide a manufacturing solution for producing the solar cells needed for Starmind satellites in Texas.

Regarding the overall procurement scale, SINGULUS announced that as SpaceX expands satellite manufacturing operations at its Bastrop, Texas facility, the scale of related production equipment will expand to support a level exceeding 100 GW. However, the company did not clarify whether this figure represents an annual or cumulative scale, nor did it disclose the specific number of production lines or the full delivery timeline.

Musk subsequently further clarified on X that SpaceX has ordered HJT solar cell manufacturing equipment with an annual capacity of 100 GW from Germany's SINGULUS.

It should be noted that 100 GW/year is the equipment procurement scale disclosed by Musk and does not mean that SpaceX has currently established the corresponding solar cell production capacity. The first production line is expected to be delivered in the first half of 2027, while the overall expansion schedule and actual commissioning timeline have yet to be disclosed.

Starmind Satellite Plan Drives Solar Manufacturing Expansion

The procurement is primarily intended to support SpaceX's Starmind space AI computing project. SpaceX is expanding its AI satellite production capacity in Bastrop, Texas, with plans to use orbital solar energy to power onboard AI computing equipment and transmit data via a laser communications network.

Compared with traditional communications satellites, AI computing satellites require higher power supply capacity, necessitating larger solar arrays.

Through its partnership with SINGULUS, SpaceX will acquire HJT solar cell production equipment and establish related manufacturing capabilities in Texas, enhancing its self-sufficiency in key components.

The two parties formed a strategic partnership in March 2026, with SpaceX subsequently providing financial support to SINGULUS in March and October.

SpaceX Investors Focus on Equipment Delivery and Satellite Deployment

According to IPO filings disclosed by SpaceX, the company plans to begin deploying orbital AI computing satellites as early as 2028.

Prior to that, the delivery, installation, and mass-production progress of production lines at the Bastrop plant will affect the expansion of SpaceX's solar cell supply capacity. Going forward, investors will also need to monitor the deployment scale of orbital AI satellites and whether related computing services can generate commercial revenue.

SpaceX is establishing in-house solar cell production to provide power support for space-based AI computing infrastructure. Whether equipment deliveries and satellite deployments proceed as planned will affect the project's subsequent commercialization progress.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Author TradingKey

11 hours ago

On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money left Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.

Author Irene Q.

16 hours ago

Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.

Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't break Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Author Irene Q.

17 hours ago

Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day

Author TradingKey

18 hours ago

On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day

Bitcoin lost its 200-day average — but the exit started three sessions before the CPI Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Author Suzie

Yesterday 03: 22

Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Popular Symbols