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Sidus Space, Inc. (NASDAQ: SIDU) is a pioneering Space and Defense as-a-Service company, providing a comprehensive range of space-based solutions. This service-disabled veteran-owned small business, also recognized as a woman-owned and Hispanic minority-owned small business, offers scalable and low-cost satellite services that cater to a variety of sectors. Sidus Space specializes in the design, manufacturing, and launching of satellites and spacecraft, providing critical data solutions for both government and commercial missions across the solar system.
The company boasts a robust infrastructure of multi-mission satellites equipped with hyperspectral, multi-spectral, and other advanced sensors. These capabilities allow Sidus Space to deliver monitoring services and innovative solutions to industries such as Commercial Space, Aerospace, Defense, and Underwater Marine, as well as various government entities.
Uniquely positioned as more than just a “satellite-as-a-service” provider, Sidus Space partners with its clients from concept development to execution in low Earth orbit and beyond. Their mission-oriented approach ensures tailored solutions, meeting the precise needs of their customers. The company's recent achievements include successful launches, strategic partnerships, and advancements in satellite technology, underscoring their leadership in the space industry.
With a commitment to excellence and innovation, Sidus Space continues to make significant strides in space hardware development and mission support, driving the future of space exploration and data utility for a variety of sectors.
Sidus Space (NASDAQ: SIDU) announced the passing of Board Member Richard Berman, who had served on the company's Board of Directors since January 2024. Berman brought over 40 years of experience in venture capital, senior management, and merger & acquisitions to his role. CEO Carol Craig acknowledged Berman's contributions to guiding the company's growth and vision during his tenure.
Sidus Space (NASDAQ: SIDU) has completed the integration of LizzieSat™-3 with the launch vehicle at Vandenberg Space Force Base, California. The satellite is scheduled for launch in Q1 2025 via SpaceX's Transporter-13 rideshare mission. This marks Sidus's third satellite launch within 12 months, expanding their constellation to enhance data collection frequency.
LizzieSat™-3, manufactured at Sidus' Florida Space Coast facility, features advanced technology including an AIS sensor, high-resolution visual spectrum sensor, and HEO Holmes Imager. The satellite incorporates next-generation proprietary AI for on-orbit data processing, reducing data latency. The system is designed to support maritime monitoring, environmental assessments, and non-Earth imaging applications.
Sidus Space (NASDAQ: SIDU) announced that LizzieSat™-3 has arrived at Vandenberg Space Force Base in California for spacecraft integration, preparing for its scheduled launch in Q1 2025 as part of SpaceX's Transporter-13 rideshare mission.
The satellite features advanced capabilities including an AIS sensor, high-resolution visual spectrum sensor, and the HEO Holmes Imager for non-Earth imaging. It's equipped with Sidus' next-generation proprietary AI system for on-orbit data processing, combining multiple data sources for environmental monitoring, border security, and disaster response. The space-to-space data relay module aims to provide rapid direct-to-user data transfer and reduced latency.
This launch follows LizzieSat™-2's deployment on December 21, 2024, which is currently in its commissioning phase, furthering Sidus' mission to deliver flexible solutions for government, defense, intelligence, and commercial customers.
Sidus Space (NASDAQ: SIDU) has received FCC approval to integrate direct-to-device module capabilities for its LizzieSat™ constellation. This advancement enables the company to provide enhanced data transmission services across remote locations for commercial, government, and defense applications.
The approval strengthens Sidus Space's AI-driven capabilities, allowing LizzieSat™ to deliver improved data and analytics for mission-critical services. According to company officials, LizzieSat™ is reportedly the only known commercial small satellite platform combining rapid direct-to-device data transfer capability with on-orbit Artificial Intelligence.
The upgrade to LizzieSat™-3 will enable Sidus to provide vital data to organizations using direct-to-device hardware, including first responders like CalFire, aerospace and aviation companies, and other entities with satellite receiver access.
Sidus Space (NASDAQ: SIDU) has received FCC approval for space-to-space data relay capability for its LizzieSat™ constellation. This significant milestone enhances the company's ability to provide global connectivity and space data transfer services.
The approved technology will enable robust, high-quality, rapid-delivery data services across remote locations, benefiting commercial, government, and defense applications. The LizzieSat™ platform combines direct-to-user data transfer capability with on-orbit Artificial Intelligence, making it a unique commercial small satellite solution.
The upgrade to LizzieSat™-3 will support organizations using direct-to-device hardware, including first responders like CalFire, aerospace companies, and entities with satellite receivers. This development positions Sidus Space at the forefront of AI capabilities in the space sector, strengthening their mission to deliver enhanced data and analytics for mission-critical services.
Sidus Space (NASDAQ: SIDU) has appointed Adarsh Parekh as its new Chief Financial Officer, effective January 27, 2025. Parekh brings over two decades of financial expertise, including $3 billion in M&A, capital markets and direct investing experience.
Previously serving as CFO of Terran Orbital , Parekh has held leadership positions at various companies including Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB, and Libra Securities. He began his career at Lehman Brothers' Investment Banking Division.
Reporting directly to CEO Carol Craig, Parekh will lead all financial operations, focusing on optimizing efficiency and advancing the company's mission to achieve sustainable growth and profitability. The appointment aligns with Sidus Space's strategy to strengthen its leadership team as it expands its position in the space economy.
Sidus Space (NASDAQ: SIDU) reported significant achievements in 2024, including successful launches of LizzieSat™-1 in March and LizzieSat™-2 in December. The company secured notable contracts, including a $2 million deal with Craig Technologies and a subcontract on a $30M NASA Lunar Terrain Vehicle Services project. Key developments include being selected to build lunar fleet spacecraft for Lonestar Data Holdings and obtaining FCC approval for operating a micro-constellation in Low Earth Orbit.
The company strengthened its position through strategic partnerships, including establishing 'Sidus Arabia' and collaborating with Reflex Aerospace. Sidus secured $37 million in funding and expanded its intellectual property portfolio to 11 granted patents. Looking ahead to 2025, the company plans to launch LizzieSat™-3 in Q1 and continue developing new products, including a VPX On-Board Computer.
Sidus Space (NASDAQ: SIDU) has successfully launched and deployed LizzieSat™-2 into low Earth orbit through SpaceX's Bandwagon-2 rideshare mission from Vandenberg Space Force Base on December 21, 2024. This launch comes less than nine months after LizzieSat™-1, demonstrating the company's rapid expansion capabilities. The satellite features advanced sensors and on-orbit processing capabilities for applications including Space Situational Awareness, maritime monitoring, and disaster response.
The company's modular satellite design is scalable for larger satellites and more complex missions, including lunar operations. Sidus Space has announced plans for LizzieSat™-3, scheduled for launch in Q1 2025, further expanding their constellation and real-time data services capabilities.
Sidus Space (NASDAQ: SIDU) has announced the launch of its LizzieSat™-2 satellite, scheduled for December 21, 2024, from Vandenberg Space Force Base in California as part of SpaceX's Bandwagon-2 rideshare mission. The next-generation satellite, designed and manufactured at Sidus' Space Coast facility in Florida, features advanced capabilities including AIS, methane detection, visual spectrum sensors, and the HEO Holmes Imager. LizzieSat™-2 incorporates the company's proprietary FeatherEdge™ AI processor for on-orbit data processing, supporting applications in Space Situational Awareness, non-Earth Imaging, maritime monitoring, environmental assessments, and disaster response.
Sidus Space (NASDAQ: SIDU) has closed a private placement offering, raising approximately $14.1 million from accredited and institutional investors. The offering consisted of units priced at $2.07 each, comprising 6,819,892 shares of Class A common stock (or pre-funded warrants) and warrants to purchase 3,409,946 common shares.
The common warrants have an exercise price of $2.25 per share and are exercisable for five and a half years. Pre-funded warrants can be exercised at $0.0001 per share. ThinkEquity served as the exclusive placement agent. The company plans to use the proceeds for working capital and general corporate purposes.
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