Shares of drone maker SES AI Corp (SES) surged 16.05% in pre-market trading on Friday, propelled by rising investor enthusiasm around the drone industry and the company's upcoming showcase at the CES 2025 event.
The stock's rally was part of a broader uplift in drone maker companies, with reports indicating that Ondas Holdings (ONDS) rose 17%, and Red Cat Holdings Inc. (RCAT) gained 5% in early trading. This surge in interest appeared to be driven by positive sentiment surrounding the potential growth and applications of drone technology.
Contributing to the excitement around SES AI Corp was the company's plan to unveil a groundbreaking AI-enhanced battery cell for robotics applications at the CES 2025 show in Las Vegas. This battery, developed through SES AI's Molecular Universe effort, is touted as the world's first to contain an electrolyte material discovered by mapping the properties of a vast number of small molecules suitable for battery electrolytes.
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