Blue Sphere Corporation (OTCMKTS:BLSP) Stock Surges 20% in a Week: What’s The Buzz?

Blue Sphere Corporation (OTCMKTS:BLSP) is up 20% in a week. Israel Aerospace Industries’ Space House has launched Blue Space. Blue Space is a cloud-based satellite station for data generation. The platform boost information received via satellite and permits communication of satellite with Earth at any time.

Market Action:

On Tuesday, BLSP stock remain unchanged at $0.0006 with more than 4.71 million shares, compared to its average volume of 333.61 million shares. The stock has moved within a range of $0.0005 – 0.0006 after opening the trade at $0.0005.

Major News

This virtual ground cloud station setup improves satellite output availability, minimizing reliance in “satellite passing time” overhead a certain ground station. Interestingly the satellite can broadcast collected information at any existing ground station globally. Immediately, the data is sent to the cloud, allowing on-demand data extraction, leaving for ground stations to withdraw or transfer data instantly irrespective of reception towers’ location.

IAI’s Space Division General Manager Shlomi Sudri said that cloud technologies’ evolution enabled AIA’s engineers to create Blue Sphere making satellite data available around the clock. Sudri said that following proof of concept, AIA is currently working on an advanced version of virtual and ground control and command stations for the benefit of clients. So, BLSP is worth watching in the coming months.