SpaceX (SPCX) Stock: Britain Spends $40M on Starshield as Institutional Investors Add Positions

TLDR

• Britain spent nearly $40 million on SpaceX satellite services, becoming the first country outside the US to publicly confirm use of Starshield
• The UK defence ministry operates around 1,000 Starshield terminals and 500 Starlink terminals
• SpaceX reported Q2 revenue of $7.81 billion, up 92% year over year, beating EPS estimates
• IPG Investment Advisors and other institutional investors established new positions in SPCX during Q2
• Analysts hold a consensus “Moderate Buy” rating with a $221.06 price target; SPCX opened at $147.55 Thursday

Britain has become the first country outside the United States to publicly confirm use of SpaceX’s Starshield military satellite service, spending nearly $40 million on Starlink and Starshield combined, according to a Reuters report published Thursday.

Space Exploration Technologies Corp., SPCX

The UK defence ministry disclosed the spending after a freedom of information request. It operates roughly 1,000 Starshield terminals and 500 Starlink terminals. Spending breaks down to approximately £13 million ($17.6 million) on Starshield and £16.5 million on Starlink.

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