Quantum Cyber announced its board has approved the engagement of investment bankers to pursue the acquisition of an equity stake in SpaceX. The tiny defense technology company, which focuses on autonomous drone warfare and quantum communications, saw its stock surge about 12% on the news. Quantum Cyber reported first-quarter revenue of just $170,105 and a net loss of $5.1 million, but investors remain focused on its future potential. The company later strengthened its balance sheet with over $15 million in warrant exercise proceeds, providing flexibility for acquisitions and expansion.
Quantum Cyber N.V.Board approved pursuit of SpaceX equity stake, stock surged 12%, and balance sheet strengthened with warrant proceeds
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