Singulus shares surge 108% on SpaceX solar cell contract
The German machinery maker secured a contract worth over 60 million EUR for solar production lines for SpaceX’s space-based AI data centers. The deal exceeds Singulus’s entire 2025 revenue and has led analysts to upgrade the stock.
Singulus, a German machinery manufacturer, saw its stock price jump 108% to a peak of 26.50 euros, up from 1.20 euros in December 2025, after announcing a contract with SpaceX. The order is worth over 60 million EUR, exceeding Singulus’s entire 2025 revenue of 48 million EUR. The machinery is designed to produce Heterojunction (HJT) solar cells for SpaceX’s planned 'StarMinds' AI data centers in space, which will use satellites with large solar wings to compute and transmit data via laser.
The first production line is scheduled for Texas in the first half of 2027, with long-term plans for 100 gigawatts of solar capacity. SpaceX also provided financial assistance to Singulus in March and a loan in October. MWB Research upgraded Singulus to 'Buy' with a target price of 40 euros, projecting 2027 revenue of 150 million EUR and 2028 revenue of 286 million EUR. Analysts estimate the total equipment potential for the SpaceX project at 7 to 20 billion EUR, viewing the deal as a radical transformation for the company, though noting high execution risks.