Syntec Optics shares surge 10.95% intraday after achieving 17,000 LEO satellite optics production milestone.

Syntec Optics surged 10.95% intraday after announcing it had manufactured over 17,000 satellite optics for low-Earth-orbit (LEO) satellites, enabling laser-based communication networks with reduced latency. The milestone highlights the company’s vertical integration capabilities and positions it to capitalize on the expanding satellite market, projected to grow from $15 billion to $108 billion by 2035. Goldman Sachs and Morgan Stanley’s forecasts for global satellite broadband adoption and a $1 trillion space economy by 2040 further underscore the sector’s potential. Syntec’s expansion into LEO optics aligns with rising demand for high-tolerance components in critical applications like telehealth, defense, and AI-driven data centers, reinforcing investor optimism about its long-term growth prospects.