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Sidus Space (NASDAQ: SIDU) shifts from tech build to commercialization

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sidus Space, Inc. described a strategic transition from primarily technology development to emphasizing commercialization, recurring revenue and operating leverage. Management highlighted a stronger balance sheet following staged capital raises and a focus on disciplined capital deployment rather than raising large sums upfront.

The company is concentrating on commercializing its Fortis VPX digital mission computing platform and broader AI-enabled edge computing portfolio, with initial commercial availability of Fortis VPX anticipated in early 2027, subject to integration and customer qualification. Sidus is advancing its LizzieSat satellite platform, pursuing government and defense opportunities including participation in programs such as the Missile Defense Agency’s SHIELD, and positioning for future lunar and cislunar infrastructure opportunities.

Leadership emphasized alignment with shareholders through equity ownership and an expanded equity incentive plan, as well as increased investor-relations efforts following inclusion in the Russell Indexes. The overall message is a shift toward customer adoption, production programs, recurring revenue growth and long-term shareholder value.

Positive

  • None.

Negative

  • None.

Filing Explained

The July 21 Form 8-K furnishes a shareholder letter and press release under Regulation FD; the disclosure communicates management’s strategy, while the filing states that these materials are not incorporated into a registration statement unless specifically identified.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Fortis VPX initial availability early 2027 Anticipated initial commercial availability of the Fortis VPX platform, subject to integration and customer qualification
Manufacturing facility size 35,000-square-foot Space manufacturing, assembly, integration and testing facility on Florida’s Space Coast
Referenced fiscal year-end December 31, 2025 Year end for the Annual Report on Form 10-K cited in the forward-looking statements section
Regulation FD regulatory
"information in this Item 7.01, including Exhibits 99.1 and 99.2, is being furnished, not filed, pursuant to Regulation FD"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
digital mission computing architecture technical
"Fortis VPX has evolved into a multi-domain software-defined digital mission computing architecture"
AI-enabled edge processing technical
"LizzieSat platform, Fortis VPX digital mission computing platform, FeatherEdge processing architecture, and Orlaith AI ecosystem enable AI-enabled edge processing"
Assured Positioning, Navigation and Timing (A-PNT) technical
"processing foundation for artificial intelligence, autonomy, sensor fusion, Assured Positioning, Navigation and Timing (A-PNT)"
commercial off-the-shelf (COTS) technical
"Fortis is designed as a commercial off-the-shelf (COTS), plug-and-play platform supporting software-defined mission flexibility"
Commercial off-the-shelf (COTS) describes ready-made products or software sold to many customers and used without bespoke development, like buying a standard appliance instead of commissioning a custom one. For investors, COTS can speed time to market and lower upfront costs but also creates dependence on suppliers, potential integration or compatibility issues, and different competitive or margin dynamics than custom-built solutions.
SOSA-aligned architecture technical
"Built on a modular, SOSA-aligned architecture, Fortis VPX provides the high-performance processing foundation"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Sidus Space (SIDU) communicate in its July 21, 2026 shareholder letter?

Sidus Space outlined a shift from pure technology development to a focus on commercialization, recurring revenue and disciplined capital allocation. The letter also described a stronger balance sheet, expanded government and defense engagement, and management’s commitment to long-term shareholder value and more active investor relations outreach.

How is Sidus Space (SIDU) changing its business strategy going forward?

Sidus Space is moving from proving technology to scaling commercial applications across satellites, mission computing and AI-enabled edge processing. The company has redirected investment from a constellation-only model toward flexible satellite manufacturing, digital mission computing, software-defined infrastructure and recurring software and services revenue opportunities.

What is the Fortis VPX platform at Sidus Space (SIDU) and when is it expected to be available?

Fortis VPX is a modular, SOSA-aligned digital mission computing architecture designed for AI-enabled, autonomous operations across space and defense domains. Sidus currently anticipates initial commercial availability in early 2027, subject to final integration activities and customer qualification processes across targeted mission applications.

How is Sidus Space (SIDU) positioned in government and defense markets?

Sidus Space is aligning its LizzieSat platform, Fortis VPX computing, FeatherEdge processing and Orlaith AI ecosystem with evolving defense priorities. The company cites participation in vehicles such as the Missile Defense Agency SHIELD program and growing evaluations by defense agencies, intelligence organizations and prime contractors.

What did Sidus Space (SIDU) say about capital raises and shareholder dilution?

Sidus Space acknowledged that past equity financing caused dilution but framed it as necessary to fund technology expansion and strategy evolution. Management emphasized staged capital formation, a belief in capital efficiency, and a view that recent raises strengthened the balance sheet and reduced historical financing constraints.

How is Sidus Space (SIDU) approaching investor relations and public company evolution?

Sidus Space noted its inclusion in the Russell Indexes and is increasing investor outreach through more frequent communications, enhanced earnings materials and conference participation. The company aims to improve transparency and financial planning so investors better understand its current progress and long-term commercialization opportunity.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 21, 2026

 

 

 

SIDUS SPACE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41154   46-0628183

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

150 N. Sykes Creek Parkway, Suite 200

Merritt Island, FL

  32953
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (321) 613-5620

 

Not Applicable

(Former name or former address, if changed since last report.)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share   SIDU   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 
 

 

Item 7.01 Regulation FD Disclosure.

 

On July 21, 2026, Sidus Space, Inc. (the “Company”) issued a letter to shareholders (the “Shareholder Letter”), which was posted on its website at https://investors.sidusspace.com/SIDU-July-2026-Shareholder-Letter. A copy of the Shareholder Letter is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated by reference herein.

 

The Company also issued a press release (the “Press Release”) on the same date that the Shareholder Letter was issued. A copy of the Press Release is furnished herewith as Exhibit 99.2 to this Current Report and is incorporated herein by reference.

 

The information in this Item 7.01, including Exhibits 99.1 and 99.2, is being furnished, not filed, pursuant to Regulation FD. Accordingly, such information will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of such information is not intended to, and does not, constitute a determination or admission by the Company that such information is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company or any of its affiliates.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     

99.1

 

Letter to Shareholders of Sidus Space, Inc., dated July 21, 2026

99.2   Press release of Sidus Space, Inc. dated July 21, 2026
104   Cover Page Interactive Data File (Embedded within the Inline XBRL document)

 

-2-
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SIDUS SPACE, INC.
Dated: July 21, 2026    
  By: /s/ Carol Craig
  Name: Carol Craig
  Title: Chief Executive Officer

 

-3-

 

Exhibit 99.1

 

A purple and black logo

AI-generated content may be incorrect.

 

July 21, 2026

Dear Fellow Shareholders, 

 

The space industry is entering a period unlike any we have experienced before. Government priorities are shifting toward resilient architectures, autonomous systems, artificial intelligence, and rapid deployment. Commercial customers increasingly demand faster access to space, greater mission flexibility, and the ability to transform data into actionable intelligence at the edge rather than relying solely on traditional cloud infrastructure. 

 

Sidus Space has spent the past several years intentionally building the technologies and capabilities required for this new environment. 

 

These trends have not emerged overnight, nor have they altered our strategy. Rather, they validate the vision upon which Sidus Space was founded. 

 

As we move into our next phase of growth, I want to share candidly about where we are today, the decisions we have made, and, most importantly, where we are headed. 

 

For several years, our primary objective has been building the technical foundation required to become a vertically integrated space and defense technology company. That foundation now includes satellite design and manufacturing, mission operations, AI-enabling digital mission computing architectures, edge computing, and a growing portfolio of intellectual property. We have intentionally built capabilities that work together rather than assembling disconnected businesses. 

 

Today, our focus is shifting from proving our technology to scaling its commercial application and that distinction is important. Success is no longer measured simply by launching satellites or demonstrating technical capability. It will increasingly be measured by customer adoption, recurring revenue, operating leverage, and long-term shareholder value. 

 

Over the past several months, a number of external commentaries have focused primarily on Sidus through the lens of historical cash usage, capital raises, dilution, and stock price volatility. While these are legitimate topics for any public company, they represent only part of our story. 

 

They do not fully capture the operational progress occurring inside the business. 

 

Unlike many companies that entered the public markets during the SPAC era with substantial amounts of capital already on their balance sheets, Sidus deliberately chose a different path. We pursued a traditional IPO and a staged capital formation strategy, raising capital as technical milestones were achieved rather than building infrastructure years ahead of commercialization.

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

This disciplined approach required difficult decisions. Operating with significantly less capital than many of our peers demanded focus, prioritization, and operational efficiency. While it occasionally limited the pace at which we could expand, it also forced us to build a company grounded in engineering discipline, capital efficiency, and execution. 

 

Measured another way, Sidus has deployed substantially less capital than many publicly traded peers while establishing its satellite infrastructure, advanced patented technology portfolio, manufacturing capabilities, and commercial offerings. That efficiency reflects our belief that long-term shareholder value is created not by the amount of capital raised, but by how effectively that capital is deployed. 

 

We recognize that equity financing creates dilution. That impact is real and should never be dismissed. However, we view dilution in the context of what it enables.

 

Our recent capital raises were not intended to fund indefinite operating losses. They were designed to strengthen our balance sheet, improve financial flexibility, reduce financing friction, raise our competitive profile as we target large government programs and provide the resources necessary to accelerate commercialization from a position of strength rather than necessity.

 

Combined with our existing infrastructure and technology investments, we believe this capital provides the resources necessary to execute our strategy without the financing constraints that historically limited our pace of growth. 

 

Evolving with the Market 

 

One important evolution deserves additional context. When Sidus Space began building its space platform, our long-term vision included developing and operating our own satellite constellation to generate recurring data and services revenue. As the commercial space market matured, however, customer demand evolved more rapidly than originally anticipated. Government and commercial customers increasingly sought flexible, software-defined satellites, mission computing, edge AI, and integrated space infrastructure rather than standardized constellation-based services alone. 

 

Rather than remain committed to an original business model simply because it was our starting point, we adapted. We redirected our investments toward technologies and capabilities that we believe offer broader market applicability, stronger customer demand, and multiple recurring revenue opportunities across satellite manufacturing, digital mission computing, AI-enabled edge processing, mission operations, and long-term software and support services. 

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

That evolution required continued investment while the company expanded its technology portfolio and commercial offerings. Throughout that period, the business still needed to be funded, and our shareholders experienced dilution as we raised the capital necessary to execute that transition. We recognize that this has been difficult for shareholders, and we do not take that impact lightly. 

 

Positioned for the Next Phase 

 

Today, we believe we have emerged from that investment phase with a significantly stronger balance sheet, a broader portfolio of differentiated technologies, and a business model that is less dependent on any single program or revenue source. We believe the capital we have raised, combined with the strategic decisions we have made over the past several years, positions Sidus Space to enter its next phase focused on commercialization, recurring revenue growth, disciplined execution, and long-term shareholder value. 

 

The remainder of this letter outlines how that strategy is being executed today and why we believe Sidus Space is positioned to compete in the next generation of the global space economy. 

 

Looking ahead, our capital allocation priorities are straightforward. We will continue investing in the commercialization of the Fortis VPX digital mission computing platform and our AI hardware/software portfolio, expanding our manufacturing capacity, strengthening business development and government capture efforts, accelerating next-generation satellite production, advancing software-defined mission technologies, and building the operational infrastructure required to support larger customer programs. We believe these investments position Sidus to meet the growing demand for resilient space and defense capabilities while supporting long-term shareholder returns through disciplined capital deployment.

 

Management remains focused on improving gross margins, increasing recurring revenue, expanding operating leverage, and progressing toward sustainable positive cash flow. We also understand that investors closely follow management ownership and insider activity. Our executive leadership team and Board remain aligned with shareholders through meaningful equity ownership and long-term equity-based compensation. Like every public company, our executives are subject to SEC trading restrictions, blackout periods, and limitations associated with material non-public information. These requirements often limit opportunities for open-market purchases but do not diminish our confidence in the long-term opportunity we are building. 

 

At our Annual Meeting, shareholders approved amendments to our equity incentive plan, providing the flexibility to continue attracting, retaining, and aligning the interests of the highly specialized engineering, technical, and executive talent required to execute our long-term growth strategy. We view equity compensation as an important tool for aligning employee and shareholder interests while supporting disciplined capital management. 

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

For Sidus Space, commercialization represents the transition from technology development to customer deployment. Many of our products have progressed beyond engineering design and prototype validation and are now advancing through integration and testing, certification, manufacturing readiness, customer qualification, and operational training required to support production programs. While qualification timelines vary by customer and mission, we currently anticipate initial commercial availability of the Fortis VPX platform in early 2027, subject to final integration activities and customer qualification. This transition positions Sidus to convert technical innovation into repeatable revenue and long-term customer adoption.

 

Our business today is significantly different than it was just a few years ago. As both the market and customer priorities evolved, so did our strategy. We transformed from a company centered primarily on engineering services, contract manufacturing, and the long-term vision of operating our own satellite constellation into one commercializing a diversified portfolio of satellite platforms, software-defined mission computing, AI-enabled technologies, and integrated space infrastructure. We believe this evolution positions Sidus to pursue a broader range of opportunities while reducing dependence on any single customer, contract, mission, or business model.

 

Although we cannot discuss non-public contracts or procurement activities, we continue to see encouraging momentum across both commercial and government markets.

 

Government and Defense Market Alignment 

 

The current geopolitical environment reinforces the technology priorities that have guided our development roadmap for years. Governments increasingly require resilient space architectures, autonomous operations, AI-enabled decision making, and distributed computing capable of operating in contested environments - requirements that align directly with our LizzieSat satellite platform, Fortis VPX digital mission computing platform, FeatherEdge processing architecture, and Orlaith AI ecosystem.

 

This evolution reflects more than changing customer requirements - it represents a shift in national strategy. Government and defense organizations are increasingly recognizing that future space superiority will depend upon resilient, proliferated, software-defined architectures that can be deployed rapidly, upgraded continuously, and operated autonomously rather than relying solely on a small number of highly customized, long-development systems. As national security priorities increasingly align with the commercial space sector’s speed of innovation, modularity, and scalability, we believe companies capable of rapidly delivering integrated, mission-ready technologies will play an increasingly important role. Sidus Space has intentionally built its business around these principles through vertically integrated satellite manufacturing, software-defined mission computing, AI-enabling edge processing, autonomous operations, and agile production capabilities. We believe this convergence of national strategy and commercial innovation positions Sidus to participate in the next generation of resilient space infrastructure supporting defense, intelligence, civil, and commercial missions. 

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

While government procurement cycles can be lengthy and customer confidentiality limits what we can disclose publicly, we remain encouraged by the increasing number of technical evaluations, demonstrations, and integration activities being discussed. 

 

Our participation in strategic contract vehicles, including the Missile Defense Agency SHIELD program, together with ongoing engagements with Department of Defense agencies, intelligence organizations, and major defense prime contractors, continues to expand our opportunity pipeline.

 

Supporting this growth, we have continued to strengthen our security infrastructure, operational compliance, and mission assurance capabilities, positioning Sidus to pursue increasingly sensitive opportunities across the defense and intelligence communities while meeting the rigorous requirements expected by these customers. 

 

We believe this represents an important transition from demonstrating technology to becoming an operational supplier of mission-critical capabilities. 

 

Fortis VPX Digital Mission Computing Platform 

 

Fortis VPX illustrates this evolution particularly well. What started as a rugged, modular computing platform for space applications has evolved into a multi-domain software-defined digital mission computing architecture that we believe will serve as the intelligent backbone for next-generation space and defense systems. 

 

Increasingly, customers are looking beyond raw computing performance to mission execution. Fortis VPX is designed to eliminate many of the computing bottlenecks that traditionally limit autonomous operations in space and other contested environments. The platform enables spacecraft to execute complex autonomous rendezvous and docking maneuvers in real time without relying on delayed ground intervention, process high-bandwidth payload data directly at the edge to reduce latency and communications bandwidth, and simultaneously perform advanced cybersecurity functions. This includes Secure Boot and cryptographic processing without impacting primary flight software. By integrating these capabilities into a single software-defined architecture, Fortis enables faster decision-making, greater mission autonomy, enhanced cyber resilience, and more efficient use of constrained communications resources. 

 

Built on a modular, SOSA-aligned architecture, Fortis VPX provides the high-performance processing foundation for artificial intelligence, autonomy, sensor fusion, Assured Positioning, Navigation and Timing (A-PNT), precision timing through atomic clock integration, electronic warfare, cyber-resilient processing, and multi-domain operations across space, airborne, maritime, and terrestrial platforms. Customers can deploy fully integrated systems or individual OpenVPX modules to include single board computers (SBCs), GPU accelerators, PNT, networking, I/O, storage, software, and future expansion modules. This allows customers to tailor solutions to mission-specific size, weight, power, performance, and cost requirements while preserving flexibility for future upgrades. 

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

What truly differentiates Fortis VPX is its integration of capabilities specifically engineered for space and defense applications. Rather than delivering standalone computing, positioning, or AI solutions, Fortis combines high-performance processing, AI-enabling edge computing, autonomous mission execution, A-PNT, resilient timing, advanced cybersecurity, extensive mission I/O, and software-defined mission flexibility within a single architecture. This integrated approach reduces system complexity, lowers integration risk, accelerates deployment, increases mission adaptability, and minimizes non-recurring engineering costs. 

 

Unlike many competing VPX products built from commercial or automotive-grade components, Fortis is engineered with space-rated components to provide the reliability required for operation in low Earth orbit and other demanding environments. Its architecture integrates FPGA-based computing, low-power multicore processors, inertial navigation, GNSS, precision timing, and AI acceleration into a scalable platform capable of supporting a broad range of mission requirements. The result is performance that has traditionally required larger, heavier, higher-power, and significantly more expensive customized computing solutions. 

 

Equally important, Fortis is designed as a commercial off-the-shelf (COTS), plug-and-play platform supporting software-defined mission flexibility across space, airborne, maritime, and terrestrial applications. Backed by Sidus Space’s engineering, manufacturing, assembly, integration and test (AIT), and mission operations capabilities, customers gain a partner capable of supporting the complete product lifecycle from engineering units through production and deployment. We believe this combination of integrated technology, space-qualified reliability, modularity, and cost-effective scalability uniquely positions Fortis to meet the growing demand for resilient, AI-enabling mission computing while providing customers with a faster path to deployment, lower program risk, and a more competitive cost than traditional space-specific computing solutions. 

 

These differentiators are central to our commercialization strategy because they address customer demand for mission-ready solutions that can be deployed more quickly, adapted more easily, and scaled more economically than traditional approaches. 

 

Customer engagement continues to expand as hardware availability increases. Government agencies, defense prime contractors, satellite manufacturers, and commercial aerospace organizations are actively evaluating the Fortis VPX platform and Orlaith AI ecosystem across a

 

growing number of mission applications. While aerospace and defense procurement cycles require patience, these engagements represent important milestones toward production programs and recurring revenue.

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

LizzieSat Satellite Platform & Production 

 

We are advancing our flexible, orbit-agnostic LizzieSat reference design that can be adapted to support commercial, civil, and national security missions across LEO, GEO, cislunar, and lunar environments. By building on a common technology foundation, we can accelerate innovation, improve reliability, and reduce lifecycle costs while expanding our addressable market.

 

Production of our next-generation LizzieSat spacecraft continues to progress, following successful environmental testing and ongoing system integration. Each successive LizzieSat mission builds upon the lessons learned from previous flights, incorporating enhanced capabilities, greater autonomy, and increased mission flexibility. While all launches remain subject to final integration activities and launch provider schedules, our team continues to execute against key milestones while advancing a scalable, software-defined satellite architecture designed to support rapid deployment across multiple orbital regimes and mission profiles. This standardized, repeatable approach enables us to deliver tailored solutions more efficiently, reduce development timelines, and respond more quickly to evolving customer requirements. 

 

Lunar & Cislunar Infrastructure 

 

Our long-term vision extends well beyond traditional Earth orbit. We continue to believe that the Moon will play a central role in the next era of space commercialization and national security. While commercial low Earth orbit capabilities continue to expand, current U.S. space policy and administration priorities continue to emphasize sustained lunar exploration and infrastructure through the Artemis campaign and the Space Launch System (SLS), establishing a long-term foundation for scientific discovery, national security, and commercial development. Sidus Space is strategically positioning itself to support this evolving ecosystem through satellite technologies, edge computing, autonomous mission capabilities, resilient communications, and software-defined computing that can enable lunar missions, surface operations, and cislunar infrastructure. 

 

We also see significant long-term opportunity in orbital data centers, where space-based computing can complement terrestrial infrastructure by providing secure, scalable, and energy-efficient processing capabilities for government and commercial customers. We believe these capabilities will become increasingly important in supporting not only low Earth orbit operations, but also cislunar and lunar missions that require resilient, autonomous computing beyond the constraints of terrestrial networks. As these markets mature, we believe our vertically integrated capabilities and investments in AI-enabling computing platforms position Sidus Space to participate in both the lunar economy and the emerging space-based digital infrastructure that will support future exploration, national security, and commercial commerce. 

 

Artificial Intelligence & Edge Computing Strategy 

 

Artificial intelligence is another foundational element of our long-term strategy. Rather than transmitting enormous volumes of raw data to centralized processing locations, our architecture focuses on processing information where it is created, at the edge. This distributed computing approach reduces latency, conserves bandwidth, enhances resiliency, and enables real time decision making in contested and communications constrained environments. As AI adoption accelerates, we believe edge computing will serve as a foundational technology enabling autonomous, data driven operations across space, air, land, maritime, and cyber domains. 

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

Investor Relations & Public Company Evolution 

 

Our approach to investor engagement has evolved alongside our technology portfolio. Our recent inclusion in the Russell Indexes represents another milestone in Sidus Space’s evolution as a public company. We recognize that greater institutional ownership also brings higher expectations for communication, execution, transparency, and financial discipline and we welcome those expectations because they align with our own commitment to transparency, accountability, and disciplined execution. 

 

Accordingly, we are expanding our investor relations efforts through more frequent shareholder communications, enhanced earnings materials, increased participation in institutional investor conferences, more engagement with prospective investors, strategic public relations initiatives, and strengthened financial planning capabilities. Our objective is straightforward: Ensure that the investment community understands both the progress we are making today and the long-term opportunity we are pursuing. 

 

Sidus Space is not without challenges. Commercializing new technologies is never easy. Space missions are complex, government procurement cycles require patience, and market conditions will continue to change. 

 

Those realities are part of our business. 

 

What has changed is our stage of growth. 

 

We have moved beyond proving that our technology works. Our focus today is on executing, expanding our customer base, and building a scalable business that creates long-term value for our shareholders. 

 

The coming years will increasingly be defined not by prototypes or announcements, but by customer adoption, production programs, recurring revenue growth, expanding margins, disciplined execution, and responsible capital allocation. Those are the outcomes we are committed to delivering and the standards by which management expects to be measured. 

 

Sidus Space is evolving into an integrated, software-defined space infrastructure company positioned at the intersection of commercial innovation and national security. 

 

On behalf of our Board of Directors and the entire Sidus Space team, thank you for your continued trust, your thoughtful questions, and your continued support. We remain committed to communicating candidly, executing with discipline, and creating long-term value for all shareholders. 

 

We appreciate your confidence and look forward to sharing our continued progress in the months and years ahead. 

 

Sincerely, 

 

Carol Craig 

Founder, Chief Executive Officer & Chairman 

Sidus Space, Inc. 

 

  

www.sidusspace.com

Space Access Reimagined®

 

 

 

 

Exhibit 99.2

 

Sidus Space Issues Letter to Shareholders Highlighting Progress and Next Phase of Growth

 

Advancing commercialization, a strengthened balance sheet, an expanding multi-domain defense pipeline, and disciplined capital allocation

 

CAPE CANAVERAL, Fla. – July 21, 2026 – Sidus Space, Inc. (NASDAQ: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, today announced that it has released a Letter to Shareholders from its Founder, Chief Executive Officer and Chairman, Carol Craig, detailing the Company’s transition from technology development to commercialization, its strengthened balance sheet and capital strategy, and its expanding pipeline across defense, intelligence, civil, and commercial markets.

 

The letter outlines the Company’s progress and priorities across commercialization, capital allocation and balance-sheet strength, technology development, and government and defense market alignment.

 

“Today, our focus is shifting from proving our technology to scaling its commercial application and that distinction is important,” said Carol Craig, Founder, Chief Executive Officer and Chairman of Sidus Space. “Success is no longer measured simply by launching satellites or demonstrating technical capability. It will increasingly be measured by customer adoption, recurring revenue, operating leverage, and long-term shareholder value.”

 

The Next Chapter of Sidus Space

 

Key Highlights from the Letter to the Shareholders include:

 

Approximately $170 million raised over the past six months to strengthen the balance sheet, accelerate commercialization, and provide long-term financial flexibility.

 

Inclusion in the Russell 2000, Russell 3000, and Russell Microcap Indexes, expanding institutional visibility.

 

Successful design, manufacture, launch, and on-orbit demonstration of multiple generations of the LizzieSat platform, validating our vertically integrated capabilities.

 

Advancement of the Fortis VPX digital mission computing platform and Orlaith AI ecosystem through testing in preparation for customer evaluations and commercialization.

 

Continued progression through production and integration of two next-generation, software-defined LizzieSat spacecraft, designed to support rapidly evolving mission requirements on orbit.

 

Expanded pipeline across defense, intelligence, civil, and commercial markets, including the Missile Defense Agency SHIELD contract vehicle.

 

Expanded international presence and strategic partnerships to broaden global market access and diversify revenue opportunities.

 

Modernization of 35,000-square-foot vertically integrated manufacturing, assembly, integration, test, and mission operations footprint to incorporate emerging technologies, enabling the scalable production of next-generation, orbit-agnostic space and defense solutions.

 

The full CEO Letter to Shareholders is available on the Company’s Investor Relations website: https://investors.sidusspace.com/SIDU-July-2026-Shareholder-Letter

 

 

 

 

About Sidus Space

 

Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

 

Forward-Looking Statements

 

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Contacts:

 

Investor Relations

 

investor-relations@sidusspace.com

 

Media Inquiries

 

press@sidusspace.com

 

 

 

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