Red Cat Stock Skyrockets As Subsidiary Skypersonic Pockets NASA Contract

Red Cat Holdings Inc (NASDAQ: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.