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 announced a strategic partnership with Aitech Systems to support the LizzieSat™ Constellation. Aitech will develop custom Command and Data Handling (C&DH) flight computers essential for the satellite's operations. The LizzieSats are 100kg microsatellites designed for rapid integration of customer technologies in Low Earth Orbit (LEO). This collaboration aims to enhance Sidus Space's capabilities in satellite manufacturing and data collection.
Sidus Space (NASDAQ:SIDU) announces CEO Carol Craig's participation as a panelist at the Financial Times' 'Investing in Space' summit on June 9, 2022, in London. The panel focuses on financing perspectives from venture capitalists and SMEs, discussing the attraction of private equity for startups. Sidus Space, known for its commercial satellite services, recently went public, making Craig the first female founder to do so in the space industry. The summit aims to explore investment opportunities as the commercial space sector matures.
Sidus Space, Inc. (NASDAQ:SIDU) has received over $1.5 million in purchase orders for space hardware and services from four customers, including new and modified orders. This marks a strong start for 2022, showcasing Sidus Space's capabilities as a Space-as-a-Service provider. With over ten years in space hardware manufacturing, the company operates from a 35,000-square-foot facility in Cape Canaveral, Florida. The announcement highlights Sidus’s integral role in the space ecosystem and its mission of Bringing Space Down to Earth.
Sidus Space, Inc. (NASDAQ: SIDU) has announced a strategic partnership with Red Canyon Software, Inc. to develop the LizzieSat™ constellation, comprising 100 LEO microsatellites. These 3D-manufactured 100 kg satellites aim to offer rapid, cost-effective technology testing for various clients. The collaboration will enhance design, integration, and deployment processes. Barry Hamilton from Red Canyon emphasizes the partnership's potential to reduce costs and improve ROI for space entrepreneurs. Sidus Space continues its mission to provide scalable satellite services and innovative space solutions.
Sidus Space, Inc. (NASDAQ:SIDU), a satellite company, has announced the formation of its Board of Directors following its initial public offering on December 14, 2021. The five-member board includes three independent directors, comprising Dana Kilborne, Cole Oliver, Miguel Valero, Jamie Adams, and Carol Craig. The CEO, Carol Craig, emphasized the board's industry expertise to propel the company's mission of offering affordable satellite services. Sidus Space aims to provide comprehensive satellite solutions from design to low Earth orbit.
Sidus Space, Inc. (NASDAQ:SIDU) has appointed Gerry Schaafsma as Chief Sales and Revenue Officer, bringing nearly 30 years of experience in technology sales from companies like AT&T and Nokia. His role will focus on aligning revenue-generating channels to enhance global customer engagement. Jamie Adams, CTO of Sidus, emphasized Schaafsma's diverse market experience as vital for the company's mission to integrate satellite capabilities for various customer needs. Sidus Space operates a 35,000-square-foot facility dedicated to satellite design, manufacture, and launch.
Sidus Space, Inc. (NASDAQ:SIDU) highlights significant milestones from 2021, including the recovery of its External Flight Test Platform via SpaceX's Dragon spacecraft. The name change from Craig Technologies Aerospace Solutions to Sidus Space reflects its expanded Space-as-a-Service offerings. Notable achievements include securing over $5M contracts with NASA and a new Product Pricing Agreement. CEO Carol Craig made history as the first woman founder of a public space-based company. The company aims to launch 100 satellites in 2022 and enhance its cleanroom facilities for growth.
Sidus Space, Inc. (NASDAQ:SIDU) recently announced that CTO Jamie Adams participated in a Zero-G flight demonstration to test Dhruva Space's CubeSat deployer in Florida. This flight aimed to simulate microgravity conditions essential for testing the deployer's spring-loaded mechanisms. The partnership with Dhruva Space, established in 2020, enhances Sidus' capabilities by integrating Dhruva's deployer with Sidus' developing Phoenix Deployer, providing comprehensive CubeSat launch options. The collaboration aims to boost the commercialization of innovative space technologies.
Sidus Space, Inc. (NASDAQ:SIDU) has announced the construction of a new ISO 100,000 cleanroom at its Cape Canaveral facility to enhance the production and testing capabilities for the LizzieSat™ satellite constellation. This state-of-the-art facility will support the assembly and testing of up to six satellites simultaneously, ensuring high-quality standards necessary for space operations. Additionally, Sidus is ramping up production capacity following the awarding of multi-million dollar contracts. The cleanroom will feature advanced HEPA filtration to remove 99.99% of airborne particles.
Sidus Space (NASDAQ:SIDU) has partnered with Kongsberg Satellite Services (KSAT) to provide ground station services for its LizzieSat™ satellite constellation, which aims to launch 100 satellites by late 2022. This partnership enhances Sidus' capabilities by enabling rapid data delivery, improving geolocation data transmission times by 66%. KSAT's KSATlite network supports over 35,000 satellite passes monthly, positioning them as a leader in small satellite operations. This collaboration aims to support commercial and government customers with high-impact data collection and analysis.
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