SEALSQ Corp (NASDAQ: LAES) shares have surged following the company's announcement of a new satellite-as-a-service model in partnership with WISeSat. This initiative, revealed on January 2, 2025, involves launching a satellite constellation to facilitate machine-to-machine transactions via space, offering clients access to advanced satellite infrastructure without the need for complex hardware. The service aims to provide secure IoT data transmission, real-time automation, and geospatial analytics, targeting sectors such as logistics and precision agriculture. The announcement has generated significant interest among retail investors, contributing to the stock's upward momentum.
The current price of SEALSQ Corp's stock is $8.13, marking a 32.20% increase from its previous close of $6.15. The stock opened at $6.86 and has seen a high of $8.85 today.