Singulus: Shares of German mechanical engineering company double after SpaceX order
The German mechanical engineering company Singulus Technologies supplies production lines for solar cells to Elon Musk's space company.
Quick Look
- The mechanical engineering company Singulus Technologies received an order worth over 60 million euros from SpaceX for solar cell production lines.
- The shares of the company from Kahl am Main then recorded a price increase of over 100 percent.
AI-generated summary
Why It Matters
Singulus Technologies and SpaceX entered into a strategic partnership in the spring. SpaceX has previously supported the company financially.
Dusseldorf. A supply agreement with the space company SpaceX is driving up the share price of the German mechanical engineering company Singulus Technologies. The shares of the company from Kahl am Main rose by more than around 100 percent at times on Wednesday.
Singulus estimates the order to be worth more than 60 million euros. The sum applies to the first production line as part of a broader supply agreement. On Wednesday afternoon the share cost 25.90 euros, 104 percent more than the previous day (12.70 euros). At the end of 2025 the price was still around 1.34 euros.
Singulus provides SpaceX with a turnkey solar cell production line. The delivery contract is part of a strategic partnership with SpaceX, the company announced on Tuesday.
The delivery of further production lines is planned. The first system should be delivered in the first half of 2027, the company said in a statement. In the long term, the companies are aiming for production capacities of more than 100 gigawatts (GW) per year.
SpaceX boss Elon Musk commented on the order on the X platform on Tuesday evening. “SpaceX has ordered equipment from Singulus in Germany to produce HJT solar cells with a capacity of 100 gigawatts per year,” he wrote. The systems are intended for SpaceX's Starmind satellites.
The connection between the two companies is not new. The company provided “significant funding” to Singulus in March 2026, followed by a subordinated, secured loan in October. Amounts are not disclosed in the notification.
According to its own information, the company generated sales of 48.3 million euros in 2025. In the previous year it was 75.9 million euros. The operating result in 2025 was minus 11.7 million euros.
What to Watch
AI outlook — possibilities, not facts
Delivery of the first system in the first half of 2027
Likely · Within months
Open Questions
- What is the total volume of the long-term supply agreement?
- What are the details of previous financial aid?
