MACOM Technology Solutions (MACOM) is seeing strong investor interest after highlighting its role in supplying advanced semiconductors for SpaceX’s growing low-Earth-orbit satellite constellation. The stock has risen over 18% in the past week, reflecting market optimism around space-based infrastructure growth.
- MACOM’s RF semiconductor chips are used in SpaceX’s Starlink satellite terminals and gateways.
- SpaceX plans to deploy over 42,000 Starlink satellites by 2028.
- MACOM’s aerospace and defense revenue rose 32% YoY in Q4 2024.
- Satellite-related sales made up 40% of MACOM’s aerospace segment in Q4 2024.
- MACOM’s stock surged 18.3% in five trading days following its space technology update.
- Institutional ownership in MACOM increased by 7.1% in Q4 2024.
MACOM Technology Solutions (MACOM) has emerged as a key beneficiary of the rapid expansion of SpaceX’s Starlink satellite network, with the company confirming its position as a supplier of radio frequency (RF) semiconductor components critical to satellite communications infrastructure. The company disclosed that its high-performance Gallium Nitride (GaN) and Gallium Arsenide (GaAs) chips are being integrated into multiple Starlink terminal units and gateway systems, supporting the network’s projected deployment of over 42,000 satellites by 2028. This strategic alignment comes amid SpaceX’s accelerated launch cadence, which reached 98 orbital missions in 2024 and has maintained a pace of approximately 10 launches per month in early 2025. MACOM’s revenue from aerospace and defense clients, which includes direct contracts with satellite operators and system integrators, increased by 32% year-over-year in Q4 2024, with satellite-related sales accounting for nearly 40% of that segment’s total. The company anticipates continued demand, citing long-term supply agreements and a growing backlog in space-focused RF components. The market response has been swift: MACOM’s share price rose 18.3% over five trading days following the company’s investor briefing on its space technology roadmap. Analysts note the stock is now trading above its 52-week high, with institutional ownership increasing by 7.1% in the last quarter. Investors are positioning for sustained growth in space-based broadband, driven by Enterprise and government contracts, as well as international deployment initiatives. The momentum extends beyond MACOM, with broader aerospace and semiconductor sectors gaining traction. Companies producing RF components, power amplifiers, and phased-array antennas are seeing similar interest. However, MACOM remains a focal point due to its technology differentiation and direct ties to a high-profile, rapidly scaling satellite program.