Filtronic - up over 2,430%, shares at 18-year High of 278p - will the rise continue?

Mark Watson-Mitchell - 23.04.2026

There are strong whispers around the market that Elon Musk's SpaceX business is going to pounce upon Filtronic (LON:FTC), the Sedgefield-based designer and manufacturer of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets,

Such mutterings surround this week's steep share price rise from 218p to the 282p level reached earlier today.

That certainly crashes through the SQC Research Target Price of 232p set in early February this year.

It is now up over 2,430% since the first SQC profile on the group four years ago - so the question now is whether the rise will continue?

What we do know is that Filtronic is a preferred supplier to Elon Musk's SpaceX rocket group - which is now on a series of international roadshows in its efforts to raise a staggering £55bn to fund its future developments.

Little Filtronic is only valued at £600m!

(Profile 04.02.22 @ 11.6p set a Target Price of 14.5p*)

(Profile 04.01.24 @ 21p set a Target Price of 24p*)

(Profile 26.06.24 @ 67p set a Target Price of 80p*)

(Profile 10.02.25 @ 103p set a Target Price of 150p*)

(Profile 03.12.25 @ 135p set a Target Price of 175p*)

(Profile 04.02.26 @ 186p set a Target Price of 232p*)