This Chip Stock Has Climbed 50% Over The Last 12 Months. It May Be A Play On SpaceX's Growth.
Macom Technology Solutions has called out various ways it can cash in on the boom in low-Earth-orbit satellites. SpaceX says it provides satellite-internet service to more than 9 million customers.Investors looking for a publicly traded way to play SpaceX's growth may have found one in the chip sector.Monday's gains come just days after the Federal Communications Commission authorized SpaceX to deploy and operate up to 15,000 second-generation Starlink satellites to provide direct-to-cell connectivity around the world. The U.S. agency also said it would allow SpaceX to upgrade the satellites and operate across five frequencies, while waiving a few requirements that it called "obsolete.". "This FCC authorization is a game-changer for enabling next-generation services," FCC Chair Brendan Carr said in a statement on Friday, adding that the agency has "given SpaceX the green light to deliver unprecedented satellite broadband capabilities" and boost competition.SpaceX isn't alone, either. A
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
1
Report
Login to post
No comments yet