Wednesday, 12 August 2026 · World
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EUROS The World Financial Report
Nº 32 Wednesday, 12 August 2026 · World Edition
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SpaceX namesake creates confusion on Dalal Street! Indian IT stock skyrockets 23% in 2 days

Markets-Economic Times · 1h ago · 🇮🇳 India
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 Musk’s SpaceX. The sharp rally appears to have been driven partly by confusion over the names.

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