SpaceX reportedly confidentially filing for IPO

AIM-listed Filtronic PLC Secures SpaceX Contract

Filtronic PLC, a leader in advanced microelectronics (AIM:FTC), has secured a £47.3m ($62.5m) order from SpaceX for the company's proprietary gallium-nitride ("GaN") E-band product.

Higher power and efficiency are what's offered over the company's gallium arsenide product range. Gallium's semiconductor properties are key to its usage in communications applications.  GaN and GaAs allow faster data transmission than silicon and is reliable at high temperatures. 

Nat Edington, CEO, reflected on the order, stating "we are extremely proud".

Gallium is not considered a rare earth currently, it is quite abundant but concentrated deposits are rare.

Tesla in Talks to Invest in India

The EV market in India boasts three major players, Tata Motors, with its Nexon EV Model (whose engine is developed by Tata and Austrian firm AVL), MG Motors (Chinese-owned brand since 2005) and BYD. Tesla has strong growth ambitions aiming to sell 20 million cars globally by 2030 and building cars in India for the local market and export would go some way to achieving these goals. It has faced challenges expanding its Shanghai base where it operates a Gigafactory (its first overseas Gigafactory) due to Musk's adjacent involvement in SpaceX and potential military implications of its Starlink satellite network which currently has 4,000 satellites in low earth orbit.