Welcome to our dedicated page for Sidus Space news (Ticker: SIDU), a resource for investors and traders seeking the latest updates and insights on Sidus Space stock.
Sidus Space, Inc. (NASDAQ: SIDU) is a space and defense technology company whose news flow reflects its activities in satellite manufacturing, AI-enabled space-based data solutions, and defense-related programs. Company announcements frequently highlight developments around its LizzieSat® satellite platform, capital markets transactions, and participation in government and commercial initiatives.
Recent news releases describe successful commissioning milestones for LizzieSat-3, including bus-level commissioning and the activation of autonomous navigation software. Sidus Space has reported that LS-3 supports multiple customer payloads and delivers AI-driven, on-orbit sensor data processing through the Orlaith AI Platform powered by FeatherEdge edge computing. News items also note that the satellite’s sensor suite includes high-resolution imaging systems and an Automatic Identification System (AIS) payload that receives maritime vessel data in near real time.
Sidus Space’s news feed also covers defense and government contract activity. The company has announced that it is one of the contract awardees under the Missile Defense Agency’s SHIELD IDIQ program, associated with the Golden Dome defense strategy, and has described its role in providing mission-ready, integrated technologies across multiple domains. Another strand of coverage involves a subcontractor role with MobLobSpace under a NASA SBIR award, where Sidus contributes spacecraft integration expertise and constellation scaling analysis for a space-based radar system hosted on LizzieSat.
In addition, Sidus Space regularly issues releases on equity offerings and corporate governance updates, including best-efforts public offerings of its Class A common stock under an effective Form S-3 shelf registration statement, board appointments, and changes to board committee leadership. Investors and observers who follow SIDU news can use this page to review announcements related to satellite deployments, AI and data capabilities, defense contracts, NASA-linked projects, financing transactions, and board-level changes.
Sidus Space, Inc. (NASDAQ: SIDU) has reaffirmed its commitment to manufacturing hardware for Parsons Corporation (NYSE: PSN) in support of the Tranche 1 (T1) launch. This collaboration involves the production of flight cables for Parsons' evolved secondary payload adapter (ESPA) ring. Sidus Space continues to leverage its manufacturing capabilities to provide end-to-end solutions in the space industry, enhancing its partnership with Parsons.
Sidus Space, Inc. (NASDAQ:SIDU) partners with Momentus Inc. (NASDAQ:MNTS) under a memorandum of understanding (MOU) to explore launching LizzieSat™ satellites using Momentus’ Vigoride Orbital Service Vehicle. The collaboration aims to enhance mission versatility, allowing Sidus to provide power and data to LizzieSat™ in orbit. The companies are interested in four potential mission launches initially and will seek joint payload opportunities and government solicitations. Sidus aims to improve customer value and flexibility in satellite missions with this partnership.
Sidus Space has announced a launch agreement with SpaceX for five LizzieSatTM satellite deployments starting early 2023. These satellites are designed for a multi-mission LEO constellation and are currently in advanced development stages, featuring custom payloads, 3D printing technology, and precision controls. The launches will support contracts with NASA and Mission Helios, enhancing Sidus's service capabilities. CEO Carol Craig expressed enthusiasm about the partnership, emphasizing the potential for consistent launch opportunities to meet growing demand.
Sidus Space (NASDAQ: SIDU) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference. The virtual presentation will be available starting at 7:00 a.m. ET on September 12, 2022. Investors can access the on-demand webcast through the company's website and it will be available for 90 days. Additionally, Ms. Craig will hold one-on-one meetings with investors during the event. Sidus Space specializes in Space-as-a-Service solutions, providing comprehensive support for satellite manufacturing, mission planning, and in-orbit operations.
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Sidus Space (NASDAQ:SIDU) has entered a memorandum of understanding with Exo-Space to integrate the FeatherEdge Data Processing Platform into its LizzieSat™. This partnership aims to enhance satellite edge computing technology for on-orbit testing and proof-of-concept data collection. The collaboration will support real-time intelligence from Earth observation data, targeting applications like illegal fishing detection and natural disaster monitoring. Sidus seeks to establish itself as a leading Space-as-a-Service provider, enhancing its offerings and fostering collaborative missions.
Sidus Space, Inc. (NASDAQ:SIDU) reported a remarkable 695% revenue increase in Q2 2022, achieving $1.85 million compared to $232,000 in the same period of 2021. This surge is attributed to enhanced customer trust and a robust sales team. Gross profits rose to $347,000, up from a loss of $56,000 last year. However, operating expenses soared to $2.7 million due to staff expansion and increased corporate costs. The company is gearing up for its LizzieSatTM launch, with key partnerships and progress in NASA projects, ensuring stable revenue outlook despite launch date adjustments.
Sidus Space, Inc. (NASDAQ: SIDU), a leader in Space-as-a-Service solutions, announced that CEO Carol Craig will present at the Sidoti Microcap Virtual Investor Conference on August 18, 2022, at 9:15 am ET. The live presentation can be accessed here and will be archived on the company's investor relations page. Additionally, Ms. Craig will host one-on-one meetings with investors during the conference, highlighting the company's innovative satellite services and robust manufacturing capabilities.
Sidus Space (NASDAQ:SIDU) will release its second quarter results on August 12, 2022, prior to market opening. A live webcast will follow at 9:00 AM EDT, providing a business update. The company specializes in Space-as-a-Service, offering satellite manufacturing, mission operations, and engineering services from its 35,000-square-foot facility in Cape Canaveral, Florida. The firm is ISO 9001:2015 and AS9100 Rev. D certified, highlighting its commitment to quality. An online archive of the webcast will be accessible for three months after the event.
Sidus Space, Inc. (NASDAQ:SIDU) has selected Amazon Web Services (AWS) for cloud storage of its mission-critical data related to the LizzieSat™ Constellation. This collaboration aims to optimize data collection and analysis, thereby enhancing customer service. By utilizing AWS-managed services like Amazon EC2 and S3, Sidus Space will provide reliable mission control operations. The LizzieSat microsatellites are designed for rapid technology testing in low Earth orbit. The strategic partnership with AWS positions Sidus Space to improve efficiency and data management significantly.