Stock Below Rs 25: IT Stock Jumps 6% After Signing USD 150 Million Statement of Work with SpaceX; Check Details

On Monday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 46.40 points, or 0.19 per cent, to 24,524.25. Amid the market movement, Blue Cloud Softech Solutions share price jumped 6.48 per cent to Rs 21.02 after the company announced that its wholly owned US subsidiary had executed a USD 150 million Statement of Work with SpaceX International Ltd, MY for AI infrastructure, cybersecurity, telecommunications and data-centre solutions.

USD 150 Million Statement of Work with SpaceX

Blue Cloud Softech Solutions announced that its wholly owned US subsidiary, Blue Cloud Softech Solutions Ltd – USA, has executed Statement of Work No. 1 with SpaceX International Ltd, MY. The SOW has been issued under and incorporated into the Master Services Agreement dated July 9, 2026, and carries a minimum contractual commitment of USD 150 million over an 18-month term, subject to the terms and conditions of the executed agreements.

Under the agreement, the company's US subsidiary will design, build, integrate, secure, connect and operate a dedicated, sovereign-grade AI compute and data-centre platform for SpaceX International. The scope covers four key areas, including AI Infrastructure worth USD 70 million, Cybersecurity worth USD 25 million, Telecommunications worth USD 25 million and Data Centre Solutions worth USD 30 million.

Five-Phase Execution

The services will be delivered across five phases over six quarterly billing periods, beginning with assesSMEnt and design and progressing to managed operations from the sixth quarter onward. The deliverables include GPU and accelerator cluster build-out, MLOps and model-serving infrastructure, a Security Operations Centre with SIEM/SOAR deployment, core network and NOC-managed connectivity, along with data-centre build, commissioning and disaster-recovery capabilities.
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Management Commentary

Commenting on the development, Tejesh Kumar Kodali, Group Chairman of Blue Cloud Softech Solutions, said the engagement represents an important milestone for the company's AI infrastructure business and reflects its ability to design, build and operate integrated AI compute, cybersecurity and data-centre solutions at scale. He added that the programme strengthens the company's long-term strategy of building technology infrastructure capabilities for global clients.

Bhaskar Nallamilli, Chief Executive Officer of Blue Cloud Softech Solutions Ltd – USA, said the engagement reflects the company's growing capability to deliver large-scale, integrated AI infrastructure, cybersecurity, telecommunications and data-centre programmes for global clients and reinforces its positioning as an AI-first technology group.

About Blue Cloud Softech Solutions

Blue Cloud Softech Solutions Ltd is a Hyderabad-headquartered, BSE-listed technology group with operations across India, the United States, Africa and other global markets. Its businesses span AI infrastructure and MLOps, cybersecurity, telecommunications and 5G FWA network deployment, healthcare technology, data-centre solutions and public-sector digital and surveillance platforms.

The company reported FY26 consolidated revenue of Rs 1,002 crore, up 26 per cent YoY, while EBITDA increased 78 per cent YoY to Rs 126.13 crore and profit after Tax rose 37 per cent YoY to Rs 60.50 crore.

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Disclaimer: The article is for informational purposes only and not investment advice.