Goldman Turns Bullish On Starlink Satellite Parts Supplier As Space Race Accelerates

The space race to connect the world to the internet is led by Elon Musk's SpaceX's Starlink, alongside competitors like OneWeb, Amazon, and Telesat. These players are deploying massive constellations of low Earth orbit (LEO) satellites, with plans to launch tens of thousands of new units by the decade's end, with some 7,000 LEO satellites already orbiting the planet every 90 minutes. 

With tens of thousands of new LEO satellites slated for deployment over the next five years, Goldman analysts have identified the global leader in satellite components—particularly hollow metallic waveguides. These waveguides are used in microwave or mmWave components, such as power amplifiers, filters, circulators, and isolators. Such components are integral to both LEO satellites and ground-based gateways used by Starlink and Amazon, which transmit data skyward to be relayed around the globe.