Red Cat Holdings Inc. (NASDAQ: RCAT) soared 50% after announcing that Skypersonic Inc., its subsidiary, has received a 5-year deal with NASA for the provision of rover and drone hardware, software, and support its simulated Mars operation.
The Puerto Rico-based drone industry software provider stated that Skypersonic would offer its services to NASA’s simulated Mars program. Notably, NASA is readying several analog missions to Mars simulating year-long stays. Each mission will comprise four crew members living in Mars Dune Alpha, an isolated 1,700 sq. ft. habitat. Notably, crew members will carry simulated spacewalks and operations during the mission through remote piloting of Skypersonic rovers and drones in simulated Martian conditions.
Skypersonic CEO Guiseppe Santangelo said they are delighted to be picked by the NAA to operate rovers and drones in a simulated Martian environment and be part of a project that is an antecedent of human operations on another planet. So, RCAT is worth watching in the coming months.
Market Reaction:
On Monday, RCAT stock soared 50% at $3.60 with more than 236.31 million shares, compared to its average volume of 3.39 million shares. The stock has moved within a range of $3.4100 – 4.2400 after opening the trade at $3.77.
