Stardust Power Inc. (SDST)

In August 2025, Stardust Power announced its Q2 financial results. In October 2025, the company secured a Letter of Intent with Prairie Lithium for lithium chloride feedstock and Nasdaq confirmed compliance with listing requirements. In November 2025, Stardust Power announced its Q3 financial results, including operational updates and a net loss, and entered a Letter of Intent with Mandrake Resources Limited, leading to a stock price surge. In December 2025, Black & Veatch completed a review of its refinery study, and the company secured financing for construction. In January 2026, Stardust Power engaged 38 North Solutions for government relations, secured an air quality construction permit, and hired a General Counsel. As of February 6, 2026, the stock price gained on the last trading day but had fallen in the preceding days, trading between $9.30 and $1.43 over the past 52 weeks.

The demand for lithium is generally expected to increase due to the growing demand for electric vehicles, renewable energy storage systems, portable electronics, and industrial applications. However, the provided information does not indicate any specific seasonality in the demand for Stardust Power, Inc.'s products or services.

Stardust Power, Inc. (SDST) is an American company focused on developing battery-grade lithium products, operating within the Industrials sector. Its primary product is battery-grade lithium carbonate, crucial for various industries. The company is developing a lithium refinery in Muskogee, Oklahoma, with a planned annual production capacity of up to 50,000 metric tons. Stardust Power aims to secure a sustainable domestic supply chain for lithium and emphasizes sustainability in its operations.

Stardust Power, Inc. is headquartered in Greenwich, Connecticut, United States. Its flagship lithium refinery is strategically located in Muskogee, Oklahoma, chosen for its proximity to OEMs, gigafactories, major transport routes, and reliable infrastructure.

Stardust Power has maintained a "Moderate Buy" consensus rating from analysts, but technical sentiment indicated a "Strong sell" as of February 3, 2026. The company emphasizes its commitment to sustainability. Events affecting its reputation include the loss of "controlled company" status on Nasdaq and a significant net loss reported in 2024.

Stardust Power, Inc. has a mix of institutional and individual owners. Institutional investors hold 32.79% of the stock, with major shareholders including Vanguard Group Inc and UBS Group AG. CEO Roshan Pujari is the largest individual shareholder. In April 2025, Roshan Pujari transferred shares to an irrevocable trust, causing Stardust Power to lose its "controlled company" status on Nasdaq.