On Wednesday, Elon Musk signed a large message with a German medium-size technology company, Singulus Technologists, for supplying solar cells to its new satellite line, Starmind.
This large order, worth 60m euros, is the first of many, according to a statement made on the X platform by SpaceX founder Elon Musk.
After the deal, company shares increased temporarily by 65% to 80%, bringing the value of the firm to about 73m euros.
A tremendous increase, considering that the company’s annual revenues in 2025 were only 48.3m euros.
As part of a strategic partnership, the creation of new production facilities and lines is planned, with the aim of achieving a solar energy-generating capacity of 100 gigavats . this amount equal to the annual production of ten large nuclear reactors.
Singulus develops and assembles machines that are used in the sectors of alfotovoltaics, semis, medical technology, packing, glass and automobile industry, as well as in battery and hydrogen markets. /Telegraph/