Syntec Optics shares surge 13.87% after-hours after achieving 17,000 LEO satellite optics production milestone.

Syntec Optics surged 13.87% in after-hours trading following the announcement of manufacturing over 17,000 satellite optics for Low Earth Orbit (LEO) communications, a critical milestone in its expansion into the growing satellite internet sector. The optics enable laser-based data routing in space, addressing latency challenges and underserved needs like disaster response and telehealth. The company emphasized its vertically integrated manufacturing capabilities, including precision blank production for high-tolerance components, and cited market forecasts from Goldman Sachs and Morgan Stanley projecting the satellite and space economy to grow from $15 billion to $108 billion by 2035 and $1 trillion by 2040, respectively. The news reinforced Syntec’s strategic position in the photonics industry, aligning with investor optimism about long-term demand for its satellite and defense-related optics.