Syntec Optics shares jump 13.14% intraday after achieving major production milestone in LEO satellite optics.

Syntec Optics surged 13.14% intraday after announcing a major production milestone of manufacturing 17,000 satellite optics for Low Earth Orbit (LEO) communication. These optics enable laser-based mesh networks, improving data transmission speed and reliability, aligning with the shift from radar to laser signals in the satellite industry. The news highlights Syntec’s vertically integrated advanced manufacturing capabilities and its role in addressing underserved needs like disaster response and telehealth. With Goldman Sachs projecting the satellite market to grow from $15 billion to $108 billion by 2035 and Morgan Stanley forecasting a $1 trillion global space economy by 2040, the milestone underscores Syntec’s strategic position in a rapidly expanding sector, driving investor optimism.