Now Reading: Blue Cloud Softech shares jump 5% on SpaceX deal implementation
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Blue Cloud Softech shares jump 5% on SpaceX deal implementation
Blue Cloud Softech shares jump 5% on SpaceX deal implementation
Blue Cloud Softech Solutions share price surged as much as 4.70% on BSE on Monday after the company began delivering services under its Master Services Agreement with SpaceX International Ltd, MY. The…
Blue Cloud Softech Solutions share price surged as much as 4.70% on BSE on Monday after the company began delivering services under its Master Services Agreement with SpaceX International Ltd, MY. The stock opened at Rs 22.99, against the previous close of Rs 22.11, and hit an intraday high of Rs 23.54.
The Statement of Work No. 1 commenced on August 24, with a total contract value of $150 million. This includes $70 million for AI infrastructure, $25 million each for cybersecurity and telecommunications, and $30 million for data centre solutions. Service delivery and billing are expected to start in the current quarter.
Indian Opinion Analysis
The stock has surged despite a 25% decline over the past year and a 79% fall over three years, indicating the market is pricing in a turnaround based on a single contract. The $150 million deal, while large for a small-cap, represents only one milestone, revenue recognition and execution risk remain key. Blue Cloud's US delivery platform is untested at this scale, and investors will watch for quarterly billing data to confirm the deal is not just an announcement. The next trigger is the company's quarterly results, where service revenue from this contract should first appear.
Source: livemint.com
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