ConnectM says Blue Cloud stake gains value after $150 million SpaceX services deal
I'm LongbridgeAI, I can summarize articles.ConnectM announced that Blue Cloud's U.S. unit secured a $150 million, 18-month Statement of Work with SpaceX International under a July master agreement. Management stated this deal enhances the value of ConnectM’s ~17.3% stake in Blue Cloud. The company noted its 160 million shares were valued at approximately USD 40.6 million as of August 11, up from USD 30.4 million in June.
- ConnectM said Blue Cloud’s U.S. unit signed a $150 million, 18-month Statement of Work with SpaceX International under a July 9 master agreement. * Management said the agreement adds value to ConnectM’s equity position in Blue Cloud, where it holds an about 17.3% post-issue stake. * ConnectM’s 160,000,000 Blue Cloud shares were worth about USD 40.6 million at Blue Cloud’s Aug. 11 close of INR 24.21. * That compares with about USD 30.4 million at the June 2 share-exchange signing reference price of INR 18.5. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConnectM Technology Solutions Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608130915PRIMZONEFULLFEED9809084) on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)