STMicroelectronics targets over $3B in space revenue by 2028
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Source: seekingalpha
STMicroelectronics' stock rose 3.79% and reached a 52-week high amid positive market conditions.
The company aims to achieve over $3 billion in space-related revenue by 2028, highlighting its strategic positioning in the low-Earth orbit broadband market. STMicro plays a key role in SpaceX's Starlink satellite internet service, with significant contributions per satellite, and its STM32V8 processor enhances its competitive edge in this growing sector.
This ambitious target reflects STMicro's commitment to innovation and growth in the space industry, potentially leading to substantial revenue increases as demand for satellite technology expands.
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Analyst Views on STM
Wall Street analysts forecast STM stock price to fall
7 Analyst Rating
2 Buy
5 Hold
0 Sell
Moderate Buy
Current: 69.310
Low
25.00
Averages
33.25
High
45.00
Current: 69.310
Low
25.00
Averages
33.25
High
45.00
About STM
STMicroelectronics N.V. is a Netherlands-based semiconductor company. It designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company's segments include Automotive and Discrete Group (ADG), Analog, MEMS and Sensors Group (AMS), and Microcontrollers and Digital ICs Group (MDG). The ADG segment comprises all dedicated automotive Integrated Circuits (ICs), and discrete and power transistor products. The AMS segment includes low-power analog ICs for all markets, smart power products; Touch Screen Controllers, Low Power Connectivity solutions for Internet of Things (IoT), and power conversion products, among others. The AMS segment comprises general purpose and secure microcontrollers, and Electrically Erasable Programmable Read-Only Memory memories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Company Background: Established in 1987 through the merger of a French and an Italian semiconductor company, STMicroelectronics benefits from government stakes that provide unique advantages in policy-making and market competition, bolstering its position in the global semiconductor market.
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- Conference Details: STMicroelectronics CEO Jean-Marc Chery will speak at the BNP Paribas Exane CEO conference in Paris on June 2, 2026, at 11 A.M. CET, likely addressing the company's strategic direction and market outlook.
- Live Webcast: The conference will be accessible via a live webcast on STMicroelectronics' website, available for replay until June 16, 2026, ensuring that investors and stakeholders can stay informed.
- Company Overview: With 48,000 employees, STMicroelectronics is a leader in semiconductor technology, serving over 200,000 customers and driving advancements in smart mobility, energy management, and cloud-connected technologies, showcasing significant market influence.
- Sustainability Goals: The company aims to achieve 100% renewable electricity sourcing by the end of 2027 and carbon neutrality across all direct and indirect emissions, demonstrating a strong commitment to sustainability.
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