SpaceX namesake creates confusion on Dalal Street! Indian IT stock skyrockets 23% in 2 days
- Posted on August 12, 2026
- By Business News Today
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- 1 min read
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SpaceX namesake creates confusion on Dalal Street! Indian IT stock skyrockets 23% in 2 days
Blue Cloud Softech Solutions shares surged 23% in two days after its US subsidiary announced a $150 million deal with Malaysia-based SpaceX International. However, the company clarified that the entity has no connection with Elon Musks SpaceX. The sharp rally appears to have been driven partly by confusion over the names.
