SpaceX has piled up more than $8 billion in US military satellite orders, and that is good news for Taiwanese circuit-board maker Compeq, the main supplier in the space chain.

• The Trump administration loosened rules, opening the door for SpaceX to take large defense satellite contracts.
• That gives Starlink a new way to make real money beyond consumer subscriptions.
• Compeq benefits most: the Starlink V3 upgrade uses more of its boards, at higher prices.
• Satellites should grow from a fifth to a quarter of Compeq's sales this year, boosting profits.
• The stock barely moved on the news, edging up as sellers kept stepping in.

Outlook: More rocket launches and steady V3 deployment in the second half should keep low-orbit satellite demand and Compeq's earnings climbing.