WISeKey Meets SpaceX - Here's What's Going On
Portfolio Pulse from Anusuya Lahiri
WISeKey International announced plans to launch new WISeSat-Ready FOSSA-powered satellites with SpaceX and disclosed the final distribution ratios for the partial spinoff of SEALSQ Corp. The satellites will be part of an 80-satellite constellation providing global IoT connectivity for industrial applications.
May 22, 2023 | 2:42 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
WISeKey's stock has been volatile after announcing plans to launch satellites with SpaceX and disclosing distribution ratios for the partial spinoff of SEALSQ Corp.
WISeKey's partnership with SpaceX to launch satellites for global IoT connectivity is a positive development for the company. However, the stock has been volatile, with a 30% increase after a tweet about satellite discussions with Musk and a 2.9% decrease on the last check. The partial spinoff of SEALSQ Corp adds uncertainty to the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100