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SEALSQ Signs Letter of Intent to Buy 12 WISeSat.Space Satellites

SEALSQ signed a letter of intent to buy an initial fleet of 12 WISeSat.Space satellites for about $15 million. WISeSat.Space shares climbed 5.7% to $6.47 on Monday.

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By Natalie WegerShares of WISeSat.Space Holdings surged after its sister company, SEALSQ, signed a letter of intent to buy an initial fleet of 12 WISeSat.Space satellites for about $15 million.Shares of WISeSat.Space climbed 5.7% to $6.47 on Monday. The stock is down 38% year to date. SEALSQ rose 2…