Red Cat Stock Skyrockets As Subsidiary Skypersonic Pockets NASA Contract

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  • Red Cat Holdings Inc RCAT subsidiary, Skypersonic, Inc, won a five-year contract from NASA to provide drone and rover software, hardware, and support for the Simulated Mars mission. The financial terms of the transaction remain undisclosed.
  • NASA's crew would conduct simulated spacewalks and operations by remote piloting Skypersonic drones and rovers in a simulated Martian environment. 
  • Skypersonic's Dronebox real-time transoceanic remote piloting platform will drive the piloting of both the drones and the rover.
  • "We are excited NASA selected Skypersonic's technology to operate its drones and rover in the simulated Mars environment based on its functionality, and to be involved in a project that is the precursor to human operations on other planets," said Giuseppe Santangelo, CEO of Skypersonic.
  • Price Action: RCAT shares traded higher by 53.8% at $3.69 in the premarket session on the last check Monday.
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