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. (SIDU) delivers innovative space infrastructure and defense solutions through its satellite-as-a-service model. This page provides authorized updates on the company’s mission-critical developments, serving as the definitive source for investors and industry observers.
Access real-time press releases covering satellite deployments, government contracts, and aerospace technology advancements. Our curated news collection ensures transparency about SIDU’s operational milestones in commercial space ventures and defense partnerships.
Key updates include earnings reports, spacecraft design innovations, multi-mission satellite launches, and strategic collaborations. Track the company’s progress in integrating hyperspectral sensors and expanding low Earth orbit capabilities.
Bookmark this page for verified information about SIDU’s unique position as a minority/veteran-owned space technology provider. Return regularly for insights into how the company balances aerospace engineering rigor with scalable data solutions.
Sidus Space (NASDAQ: SIDU) has successfully completed the critical design review (CDR) for LizzieSat™ NL, a laser communication satellite contracted by The Netherlands Organization (TNO). This achievement triggers a milestone payment under their multimillion-dollar agreement and validates the technical baseline for satellite design. The CDR approval allows progression to flight-unit fabrication, assembly, system integration, and testing.
The project involves integrating TNO's HemiCAT, a high-efficiency miniature communications laser terminal, into Sidus' hybrid 3D printed satellite platform. The laser technology enables up to 100 times more data transmission compared to traditional radio frequency systems, enhancing applications like persistent surveillance and Earth imaging.
Sidus Space (NASDAQ: SIDU) has received FCC approval to operate a micro constellation of remote sensing, multi-mission satellites in Low Earth Orbit (LEO). This approval covers LizzieSat™ 2-5, expanding Sidus Space's orbital footprint beyond LizzieSat™-1. The license enables new missions and enhanced data acquisition capabilities through Sidus' innovative data-as-a-service model.
Sidus owns the data collected by LizzieSat™ sensors for all missions, offering customers access to valuable data streams. This aligns with the company's strategy to position itself as a space mission enabler, providing situational awareness to government, defense, intelligence, and commercial sectors globally.
As part of LizzieSat™ 2 and 3 missions, Sidus will host HEO's Holmes Imager payload, which will capture resolved images of satellites and space debris in orbit. Sidus will also provide ongoing monthly data services to HEO.
Sidus Space (NASDAQ: SIDU) has successfully completed environmental testing for LizzieSat™-2 (LS-2), marking a important milestone as the company prepares for its upcoming launch into Low Earth Orbit later this year. The testing, conducted by Element Materials Technology in Orlando, subjected LS-2 to comprehensive random vibration tests, simulating launch conditions and verifying its structural integrity. The satellite demonstrated its ability to withstand more than three times the maximum predicted launch environment while maintaining full functionality in orbit.
CEO Carol Craig highlighted the significance of this achievement, emphasizing its importance for the company's growth strategy. John Curry, Chief Mission Operations Officer, noted that LizzieSat-1, launched in March, has been performing well for over 200 days in orbit. The team has leveraged insights from LS-1 to implement enhancements in LS-2, addressing increasing customer demands and expanding data collection capabilities.
Sidus Space (NASDAQ: SIDU) has signed an agreement with Neuraspace to enhance its LizzieSat™ constellation operations. The partnership, announced at the World Space Business Week conference in Paris, will provide Sidus with Space Traffic Management and Launch and Early Operations (LEOP) support services. Neuraspace's platform utilizes advanced AI and Machine Learning to offer high-precision tracking, real-time conjunction screening, and accurate two-line element (TLE) data.
This strategic move aims to reinforce mission safety, efficiency, and longevity for Sidus Space as they prepare for the launch of their next LizzieSat™ satellite later this year. The collaboration leverages Neuraspace's global network of ground-based sensors, including optical, radar, and laser systems, to ensure precise situational awareness of Sidus' on-orbit assets.
Sidus Space (NASDAQ: SIDU) has been awarded a follow-on contract from NASA Stennis for additional ASTRA (Autonomous Satellite Technology for Resilient Applications) support aboard LizzieSat™-1. The expanded mission objectives focus on collecting onboard data for critical systems, enabling ASTRA's Primary Operations Control Center to manage the Electrical Power System through Sidus' Mission Control Center. This advancement allows for continuous monitoring and optimization of the satellite's battery voltage, ensuring normal payload operation even in suboptimal solar conditions.
The new capabilities include dynamic power management, activating or deactivating specific equipment based on battery charge levels and mission needs. This represents a significant improvement in operational flexibility and efficiency. CEO Carol Craig highlighted that this contract with NASA demonstrates Sidus Space's commitment to advancing space technology through innovation and execution.
Sidus Space (NASDAQ: SIDU) has appointed Lavanson (LC) Coffey III to its Board of Directors as an Independent Director, effective August 27, 2024. Coffey brings 40 years of aerospace experience across military, government, and commercial sectors. His extensive background includes leadership roles at Airbus US Space & Defense and Ball Aerospace, as well as a distinguished career in the U.S. Air Force. Coffey's expertise spans rocket propulsion engineering, project management, and space launch operations. His appointment is expected to provide strategic direction and valuable insights to support Sidus Space's ongoing growth in the commercial space sector.
Sidus Space (NASDAQ: SIDU) has announced its participation in World Satellite Business Week (WSBW) 2024, taking place in Paris from September 16-20. The company, known for its end-to-end precision Space Infrastructure solutions and satellite Data-as-a-Service offerings, will be represented by CEO Carol Craig. Craig is set to speak on a panel titled 'Sky's No Limit: The Rise of the Space Infrastructure as a Service Offering' on September 18 from 14:10 to 14:50.
This event provides Sidus Space with a platform to showcase its expertise in the rapidly evolving space industry, particularly in the area of Space Infrastructure as a Service. The company's presence at WSBW 2024 underscores its commitment to innovation and leadership in the satellite and space technology sector.
Sidus Space (NASDAQ: SIDU) has been awarded a $2 million contract by Craig Technologies to manufacture two Fleet Interactive Display Equipment (FIDE) Pre-production Unit Main panels for Bechtel Plant Machinery, Inc. (BPMI) in support of a U.S. Navy propulsion program. This marks the third time Sidus Space has been selected as a subcontractor for this customer. The company is currently manufacturing thirteen Propulsion Plant Trainers and had previously manufactured a related U.S. Navy trainer system. Sidus Space will leverage its facilities and team to manufacture, assemble, test, and deliver the FIDE panel trainers. The project involves precision manufacturing and rigorous testing processes to meet high quality and reliability standards for the defense sector.
Sidus Space (NASDAQ: SIDU) reported Q2 2024 financial results and provided a business update. Key highlights include:
- Successful commissioning of first LizzieSat™ (LS-1) launched in March 2024
- Total revenue of $930,000, down from $1.37 million in Q2 2023
- Net loss of $4.1 million, compared to $3.5 million in Q2 2023
- Gross profit margin decreased to -91% from 37% in Q2 2023
- SG&A expenses decreased to $3.1 million from $3.6 million in Q2 2023
- Adjusted EBITDA loss of $3.2 million, compared to $2.8 million in Q2 2023
The company cited timing of fixed price manufacturing milestones and delays in satellite contract payments as reasons for the revenue decrease, expecting recovery in H2 2024. Sidus Space is preparing for the launches of LizzieSat™ 2 and 3 with SpaceX.
Sidus Space (NASDAQ: SIDU), a provider of end-to-end precision Space Infrastructure solutions, has announced its upcoming second quarter 2024 financial results conference call. The call is scheduled for Monday, August 19, 2024, at 5:00 p.m. Eastern Time. Interested parties can join the live call via U.S. Toll-Free at +1-877-269-7751 or International at +1-201-389-0908. A webcast will also be available.
For those unable to attend the live call, a dial-in replay will be accessible until September 2, 2024, at 11:59 P.M. ET. The replay can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) with the replay pin number: 13748500. An online archive of the webcast will remain available for three months on the Sidus Space investor relations website.
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