- A Business Insider source says SpaceX signed an agreement with STMicroelectronics (NYSE:STM) a few years ago to manufacture terminals for the Starlink satellite internet constellation.
- The original production agreement included 1M terminals at a price of about $2,400 each.
- Production was supposed to wrap up by the end of last year but the agreement was extended.
- STM shares are up 1.3% to $38.04.
STMicroelectronics shares gain on reported SpaceX production agreement - BI
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