Blue Cloud Softech rises 4.7% after $150 million SpaceX international contract
Business
Blue Cloud Softech Solutions saw its stock surge as much as 4.7% and touched an intraday high of ₹23.54 after announcing a huge $150 million contract with SpaceX International.
The agreement, under Statement of Work No. 1, covers work in AI, cybersecurity, telecom, and data centers, so it is pretty tech-heavy and ambitious.
Blue Cloud's US team begins work
Work kicks off this quarter through Blue Cloud's US team, with service delivery and billing starting soon.
CEO Bhaskar Nallamilli said this project shows off its strong skills and gives it a bigger presence in the US market.
He is clearly excited about what is ahead.