Singulus Signs €60M-Plus SpaceX Contract for HJT Solar Cell Line

• Singulus Technologies signed a supply contract with SpaceX for a turnkey heterojunction (HJT) solar cell line worth over €60 million.
• That single line is worth about as much as the €60.4 million in revenue Singulus booked in the first nine months of 2026.
• Delivery is due in the first half of 2027, and Singulus plans to supply multiple additional lines.

Singulus Technologies has signed a supply contract with Space Exploration Technologies Corp. (SpaceX) for a turnkey production line for heterojunction (HJT) solar cells, the German equipment maker said on Nov. 10. The first line has an order volume of over €60 million ($67 million), according to Singulus's ad hoc disclosure.

The contract is part of a strategic partnership under which Singulus plans to deliver multiple additional lines. The first line will be delivered in the first half of 2027. Singulus said production "will scale to support more than 100 GW of production equipment as SpaceX accelerates satellite manufacturing in Bastrop, Texas." It gave no timeline for that figure.

Mike Nicolls, SpaceX's senior vice president of Starlink, said in the company's statement that the deal gives SpaceX "a high-performance manufacturing path for solar cells for our Starmind satellites at our production facility in Texas."

The order in numbers

• €60 million ($67 million) or more for the first HJT line, at the ECB reference rate of Nov. 10.
• 2027: the first line is due for delivery in the first half of the year.
• 100 GW or more of production equipment that Singulus says production "will scale to support."
• €60.4 million in revenue for January to September 2026, up about 36%, with EBIT of €1.2 million.
• 72% or more of Singulus's 2026 revenue forecast of about €83 million (list.solar calculation).
• 1.2 to 1.3 times Singulus's preliminary 2025 revenue of €47 million to €50 million (list.solar calculation).

In its nine-month report on Nov. 11, the Kahl am Main-based company said order intake doubled to €60.3 million. Its backlog stood at €47.1 million on Sept. 30. The SpaceX contract was signed after that period closed.

The two companies have worked together since March, when Singulus announced a long-term solar partnership with an unnamed technology company and then a first order in the low double-digit millions of euros. SpaceX also provided funding in March and again in October. The October money, a subordinated secured loan of about €22.75 million, repaid Singulus's debts to China's Triumph Science and Technology Group. "The strategic partnership with SpaceX allows us to … solidify our position as a leading Western provider of next-generation solar cell technology," executive board member Lars Lieberwirth said.

Singulus kept its 2026 guidance for positive EBIT in the low single-digit millions. The first SpaceX line ships in the first half of 2027.