Sidus Space, Inc. develops space and defense technology for satellite manufacturing, technology integration, mission operations, AI-enabled space-based data, and hardware manufacturing. Company news commonly covers the LizzieSat satellite platform, hosted payload integrations, on-orbit mission milestones, and products such as the Fortis command and data handling system for space and defense applications.
Updates also include customer and collaboration activity, payload work for orbital data storage and imaging missions, financial results, equity offerings, and balance-sheet actions. The company serves government, defense, intelligence, commercial space, aerospace, and related markets through satellite platforms, payload hosting, engineering services, and proprietary space and defense hardware.
Sidus Space (SIDU) secured more than $3 million in space and defense hardware manufacturing contracts and purchase orders during the third quarter of 2026.
Customer manufacturing work runs from procurement through delivery at its 35,000-square-foot facility in Cape Canaveral, Florida. In-house operations include precision manufacturing, electronics assembly, integration and acceptance testing under an AS9100 Rev. D and ISO 9001:2015 certified quality management system. The facility also supports the design, manufacture, assembly and testing of Sidus's LizzieSat spacecraft and Fortis VPX digital mission computing platform.
Sidus Space (SIDU) appointed Larry G. Swets Jr. as an independent director, effective October 5, 2026, and Audit Committee chair. His committee role covers oversight of financial reporting, internal controls and risk management.
Swets brings more than 25 years of investment management, capital markets and public company leadership experience. He currently serves as CEO of FG Imperii Acquisition (FGII), interim CEO of Saltire Capital and Head of Merchant Banking at FG Nexus (FGNX). Sidus said his issuer-side experience is relevant as it puts capital raised in the second quarter to work.
Sidus Space (NASDAQ: SIDU) will present at The ThinkEquity Conference on October 15, 2026, at the Mandarin Oriental Hotel in New York. Founder, CEO and Chairman Carol Craig and CFO Alan Khalili will present at 2:00 p.m. Eastern Daylight Time. Sidus will also host one-on-one meetings with institutional and accredited investors throughout the day.
The company plans to discuss its transition from technology development to commercialization, including its Fortis VPX digital mission computing platform, LizzieSat satellite platform and AI-enabling edge computing technologies. The presentation will cover commercialization priorities and opportunities across defense and commercial markets.
Sidus Space (SIDU) plans to launch LizzieSat-4 and LizzieSat-5 together on SpaceX's Bandwagon-6 mission no earlier than April 2027.
Sidus moved LizzieSat-5 from Transporter-18, previously targeted for no earlier than October 2026, to expand qualification testing of its Fortis VPX-Maxima platform. Bandwagon-6 would be Sidus's first launch from Florida's Space Coast and would place both spacecraft in a mid-inclination orbit. LizzieSat-4 is in production ahead of environmental testing; LizzieSat-5 has completed environmental testing and awaits final integration. Launch timing depends on qualification testing, spacecraft integration, and launch vehicle and rideshare mission readiness.
Sidus Space (SIDU) signed a non-binding Memorandum of Understanding with Slovenian firm 3GM Plus to collaborate on small satellite capability development in Slovenia.
Under the MOU, 3GM Plus is expected to act as prime contractor for Slovenian satellite programs, with Sidus as subcontractor providing satellite bus technology and licensing, engineering development and knowledge transfer, and flight-proven hardware such as its Fortis VPX Maxima digital mission computing platform. The parties envision a phased approach starting with initial satellite development at Sidus’s Cape Canaveral facility involving Slovenian engineers, followed by creation of assembly, integration and test capability in Slovenia, supported by structured training for defense and civil mission operations.
Sidus Space (NASDAQ: SIDU) reported Q2 2026 revenue of $583,000, down 54% from Q2 2025 due to timing of fixed-price milestone contracts, and a gross loss of $630,000, improved from a $1.0 million loss. SG&A expenses rose 19% to $5.1 million, while adjusted EBITDA loss widened to $5.1 million from $3.9 million. Net loss improved 15% to $4.8 million.
According to Sidus Space, a May 29, 2026 registered direct offering raised approximately $100 million, contributing to cash of $166.5 million and no outstanding term debt at June 30, 2026. The company completed vibration testing of its next LizzieSat, integrated its Fortis VPX Maxima digital mission computing platform, and expects inclusion in the Russell 2000, 3000, and Microcap Indexes. Sidus also highlighted its transition toward commercialization and appointed Alan Khalili as CFO effective July 27, 2026.
Sidus Space (NASDAQ: SIDU) will host its second quarter 2026 financial results conference call on Friday, August 14, 2026, at 5:00 p.m. Eastern Time. Investors can join via live dial-in using U.S. toll-free or international numbers or through a webcast at the provided URL. A dial-in replay will be available until August 21, 2026, 11:59 p.m. ET, and an online webcast archive will remain accessible for one year on the Sidus Space investor relations website.
Sidus Space (NASDAQ: SIDU) appointed Alan Khalili as Chief Financial Officer, effective July 27, 2026. Khalili brings more than 20 years of executive financial experience across space, satellite and technology businesses, including investment banking, public accounting, co-founding a space-based aviation-surveillance data platform and serving as a public-company CFO.
As CFO, he will oversee financial planning and analysis, accounting, treasury, investor relations support, internal controls, compliance and capital allocation. According to Sidus Space, he will support commercialization, operational execution and strategic growth in government and commercial markets, including satellite manufacturing, the Fortis VPX digital mission computing platform, AI technologies and space-based data and hardware solutions. Khalili succeeds John Burke, who served as Interim CFO during the transition period, and his appointment is described as part of the company’s continued investment in experienced leadership for its next growth phase.
Sidus Space (NASDAQ: SIDU) released a CEO Letter to Shareholders outlining its transition from technology development to commercial scaling. The company reports raising approximately $170 million over the past six months to strengthen its balance sheet, accelerate commercialization, and enhance financial flexibility.
Sidus Space highlights its inclusion in the Russell 2000, Russell 3000, and Russell Microcap Indexes, successful design, manufacture, launch, and on‑orbit demonstration of multiple LizzieSat generations, and ongoing production of two next‑generation software‑defined LizzieSat spacecraft. Additional priorities include advancing the Fortis VPX digital mission computing platform and Orlaith AI ecosystem, expanding its defense and government pipeline, growing international partnerships, and modernizing its 35,000‑square‑foot vertically integrated manufacturing and mission operations facility.
Sidus Space (NASDAQ: SIDU) reported that its next LizzieSat® has completed vibration testing, a key environmental qualification step for SpaceX’s Transporter-18 mission, targeted for no earlier than October 2026.
The mission will debut Sidus’ Fortis™ Maxima C&DH system, aiming for TRL-9 and broader defense and commercial adoption.