Blue Cloud Softech Solutions $150 million SpaceX Malaysia deal lifts shares
Business
Blue Cloud Softech Solutions saw its stock jump 4.75% to ₹23.16 on Monday morning, right after announcing a major $150 million partnership with SpaceX International Ltd. in Malaysia.
This deal marks a fresh start for Blue Cloud's relationship with SpaceX and has definitely caught investors' attention.
Blue Cloud US team begins SOW
Execution under Statement of Work No. 1 began on August 24 and covers services like AI infrastructure, cybersecurity, telecom, and data center solutions, all handled by Blue Cloud's US team.
CEO Bhaskar Nallamilli said it was a natural extension of our strong delivery infrastructure, while Group Chairman Tejesh Kumar Kodali highlighted how it boosts their global tech capabilities across four key areas.