STMicroelectronics targets $3B+ space revenue by 2028, forecasting >$3B over three years as it rides LEO connectivity demand
STMicroelectronics expects to earn more than $3 billion from its space business over the next three years, targeting $3B+ in space revenue by 2028. The company attributes growth to LEO broadband momentum, Starlink demand signals, and its BiCMOS and advanced packaging technology roadmap.