Space Florida approved a $270,000 equipment purchase and leaseback deal to support Seagate Space’s offshore Project Manta launch platform serving Vaya Space and Firefly Aerospace. Separately, Seagate Technology shares reached a new intraday high, extending to a ninth gain in 10 sessions and marking a 242% year-to-date rise.
Space Florida’s aerospace finance authority approved an equipment purchase and leaseback agreement worth up to $270,000 to support Seagate Space’s Project Manta, designed to develop and demonstrate hardware for an ocean-based mobile launch platform. The program aims to serve small-rocket customers including Vaya Space’s Dauntless and Firefly Aerospace’s Alpha rockets, with potential Gulf and Atlantic launch corridors under evaluation.
Seagate Technology shares climbed to a record intraday high, marking the stock’s ninth gain in ten trading sessions and extending its year-to-date increase to 242%. The rally contrasts with broader market trends as investors continue to drive the data storage firm’s valuation upward.
