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STMicroelectronics Touts LEO Boom: Sees Space Revenue Near €1B in 2026, €3B+ Through 2028
STMicroelectronics (NYSE:STM) projects significant growth in its space revenue, expecting to reach nearly €1 billion in 2026 and over €3 billion cumulatively between 2026 and 2028, primarily driven by the expanding Low Earth Orbit (LEO) market. The company, which has a long-standing partnership with SpaceX, has seen its LEO revenue jump from $175 million in 2021 to $600 million in 2025, supported by its strong market share in RF technology and advanced manufacturing capabilities. Future growth is anticipated to be fueled by lower launch costs, satellite standardization, and user terminal innovation, although increased competition is expected as the market matures.