SEALSQ Corp (NASDAQ: LAES) saw its stock price soar by 40.98% on January 2, 2025, closing at $8.67, up from the previous close of $6.15. The stock opened at $6.86 and reached a high of $8.85, with an extraordinary trading volume of 86,883,342 shares, nearly 300% above its average. This surge was primarily driven by the company's announcement of a new satellite-as-a-service model in partnership with WISeSat, aimed at facilitating machine-to-machine transactions via space. This initiative, which offers secure IoT data transmission and geospatial analytics, has captured the attention of retail investors, contributing to the stock's significant rise.
Additionally, SEALSQ's focus on quantum and post-quantum technologies has further fueled investor interest. The company announced a collaboration with the National Institute of Standards and Technology's National Cybersecurity Center of Excellence to develop a Quantum-Resistant USB Token, part of its QUASARS project. This initiative aims to secure IoT devices against quantum threats, enhancing SEALSQ's competitive edge in the rapidly evolving tech landscape. The combination of these strategic advancements and partnerships has positioned SEALSQ as a leader in quantum technology, driving its stock price upward.