SpaceX IPO set to lift industry in push for space-based AI computing, solar power: report
SpaceX’s planned mega-listing on Friday is expected to add momentum to the global satellite industry, as Elon Musk’s rocket and connectivity giant pushes beyond satellite broadband into direct-to-cell services and space-based solar power and artificial intelligence (AI) computing, according to a report released on Monday. TrendForce, a Taiwan-based market research consulting firm, expects the global satellite industry to grow at an annual rate of about 14 per cent, reaching U
The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications
“By developing its own AI space computing chip facility, Terafab, SpaceX is enhancing its vertical integration and shifting the low-earth-orbit satellite industry from a purely communication service to a new era of computing services,” said the research firm.
The company’s sprawling supply chain covers satellite antenna modules, RF front-end modules, printed circuit boards, beamforming ICs, solar cells, compound semiconductor materials such as gallium arsenide and gallium nitride, high-temperature alloys, titanium alloys, precision cast components and industrial gases.
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