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Free Press Journal

Blue Cloud Softech shares jump 17% after non-binding AI collaboration talks with SpaceX

Blue Cloud Softech said it is in non-binding discussions with SpaceX on potential collaboration in artificial intelligence technologies, sending its shares up 17% to ₹21.67 and outperforming the broader market. The Indian small-cap IT services firm has a market capitalisation of about ₹1,592 crore. The company said the talks are at an early stage with no legal commitment, and any deal would require due diligence, approvals and definitive agreements. The announcement also fuelled short-term trading interest in AI-themed small-cap stocks.
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