By Josh Beckerman
Nuburu shares rose 30%, to 75 cents, Tuesday as the company said it was awarded a National Aeronautics and Space Administration contract.
Volume was more than 74.2 million shares, compared with a 65-day average of 176,541.
The company will demonstrate the feasibility of power beaming in space using its blue laser technology. Nuburu is developing a system intended to mitigate the high costs of transporting copper or aluminum wires.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
08-08-23 1316ET