German tech company signs €60 million contract with Elon Musk for satellite solar cell supply
Detailed summary
SpaceX signed a €60 million deal with German mechanical engineering company Singulus Technologies for the strategic supply of solar cells, giving the German company a massive price jump. #EuropeNews
Elon Musk signed a major order on Wednesday with a medium-sized German tech company, Singulus Technologies, to supply solar cells for his new line of satellites, Starmind.The €60 million major order is the first of many, according to a statement from SpaceX founder Elon Musk on X.Following the deal, the company's stock temporarily spiked by 65% to 80%, which valued the firm at around €73 million.
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