Blue Cloud Softech Solutions notifies about preliminary talks with SpaceX; shares jump above 17%
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Hyderabad-based Blue Cloud Softech Solutions Limited today announced that it is evaluating “preliminary, non-binding business opportunities” with Elon Musk’s SpaceX.
“The parties have, at this stage, established only a framework for the exchange of information to facilitate discussions and an evaluation of potential areas of collaboration,” the company said in an exchange filing today.
After the announcement, the shares of the company soared above 17% to trade at ₹21.12 at the time of reporting.
The company said that the growing demand for artificial intelligence applications and digital technology presents significant opportunities, and the proposed discussions are intended to assess the feasibility and potential scope of any future collaboration
Blue Cloud Softech also clarified that the preliminary discussions are solely for the purpose of evaluating potential business opportunities and “do not create any binding obligation on either party to enter into any transaction, joint venture, investment, partnership or definitive agreement.”
“BCSSL remains committed to identifying opportunities that can create long-term value for its stakeholders and will make appropriate disclosures to the stock exchanges in accordance with applicable laws and regulations as and when any material developments occur,” the statement read.
Any future transaction, if pursued, shall be subject to detailed due diligence, mutual agreement, execution of definitive documentation, corporate approvals and applicable regulatory requirements, the company added.
“This reflects the company’s continued focus on exploring strategic opportunities in the digital infrastructure and technology ecosystem,” the statement noted.
What does Blue Cloud Softech do?
The company is listed on BSE, and focuses on Artificial Intelligence (AI), cybersecurity, cloud computing, and Internet of Things (IoT) solutions. Recently, it acquired US-based infrastructure platform Global Impx Inc. for ₹373 crore to integrate clean energy with its data centres. It has also established MoUs to construct tech-driven "Digital Factories" across emerging markets like Senegal.
The stock has recorded an 52-week high of ₹38 and a 52-week low of ₹18.51, while noting a market capitalisation of ₹1589.76 crore. For FY26, the company crossed the ₹1,000 crore annual revenue mark for the first time, recording revenue from operations of ₹1,002 crore for FY26, a growth of 26% over the previous year, with profit after tax rising 37% to ₹60.50 crore.