STMicroelectronics Targets $3B Space Chip Sales with 90% LEO Market Share
STM•STMicroelectronics plans for over $3 billion in cumulative space-chip revenue between 2026 and 2028, following LEO sales rising to roughly $600 million in 2025 from $175 million in 2021 and nearing $1 billion in 2026. The company holds nearly 90% of the LEO chip market through its decade-long Starlink partnership.
1. Space Chip Revenue Targets
STMicroelectronics sets a goal of more than $3 billion in cumulative revenue for its semiconductor space business from 2026 to 2028, reflecting strong demand for chips used in low-Earth orbit satellite networks.
2. LEO Market Growth and Starlink Partnership
The company’s LEO segment revenue rose from $175 million in 2021 to approximately $600 million in 2025 and is nearing $1 billion in 2026, bolstered by a decade-long supply agreement that secures nearly 90% market share.
3. China Constraints and Future Markets
While China remains a key market for user terminals, export controls prevent satellite technology sales there; STMicroelectronics is exploring orbital data centers as a potential revenue source around 2029.
