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Wency Chen

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 US$447 billion by 2027 as satellite networks, AI infrastructure and space applications become more closely integrated.
“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.
SpaceX is nearing one of the largest initial public offerings in history, seeking to raise about US$75 billion, at a valuation of roughly US$1.75 trillion this week.
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.
Samsung Electronics and Taiwan Semiconductor Manufacturing Company are also reportedly involved in early-stage, small-volume production of chips for space-based AI computing, TrendForce said.

The satellite industry generated US$293 billion in revenue in 2024, up 3 per cent from a year earlier and accounting for 71 per cent of the US$415 billion global space economy, according to a separate report by the Satellite Industry Association.
Ground equipment remained the largest segment at US$155.3 billion, followed by satellite services at US$108.3 billion, while satellite manufacturing and launch services brought in US$20 billion and US$9.3 billion, respectively.
China’s satellite internet sector is also gathering pace, though it still trails the US in most areas, including commercial scale, reusable launch ability and the integrated system that links rockets, satellites, terminals and services.
China’s two main low-Earth-orbit projects, Guowang and Qianfan, the country’s answers to Starlink, have accelerated the pace of their launches this year.
SpaceSail’s Qianfan constellation has moved faster in recent weeks, launching its 10th, 11th and 12th batches between June 1 and June 5, bringing the constellation to about 200 satellites, according to Chinese state media.
As space becomes another front in the US-China tech rivalry, Taiwanese suppliers are moving into key parts of the space supply chain, TrendForce said, helped by their strengths in precision manufacturing and their position outside mainland China’s supply chain.


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The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications


The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications.


SpaceX IPO set to lift industry in push for space-based AI computing, solar power: report

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications

The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications