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Sidus Space, Inc. - SIDU STOCK NEWS

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 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.

Rhea-AI Summary
Sidus Space (NASDAQ: SIDU) appoints Leonardo Riera as Chair of the Board of Directors and promotes Jared Novick to COO. Riera brings 35 years of experience in investment banking and fund management. Novick led Sidus' acquisition of Exo-Space and has experience in government work and cybersecurity. CEO Carol Craig will focus on commercial development strategy. Five near-term launches of LizzieSats planned for Q1 and Q2 2024.
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Sidus Space secures position on SpaceX's Bandwagon mission, reallocating two LizzieSats. This increases the missions contracted with SpaceX to ten. The new orbits and enhanced AI capabilities will add value and expand potential customer base. Launch of maiden LizzieSat scheduled for February 2024. Sidus granted extension to regain compliance on Nasdaq Capital Market until March 11, 2024.
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Sidus Space plans to reallocate two LizzieSats to a Bandwagon mission with SpaceX, increasing data revenue. The updated schedule targets a first launch in Q1 2024 followed by two LizzieSats on a Bandwagon mission in Q2 2024. The inclusion of additional sensors and enhanced AI capabilities adds value to the launches and develops new high-margin business lines. The Company expects to have five LizzieSats on orbit in its constellation by Q3 2024, increasing the amount of data that can be collected for sale.
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Sidus Space (NASDAQ: SIDU) has been granted an additional 180 days to regain compliance with NASDAQ's Minimum Bid Price Requirement. If the closing bid price of Sidus's Class A common stock is at least $1 per share for 10 consecutive business days by March 11, 2024, NASDAQ will confirm compliance. Failure to demonstrate compliance will result in delisting.
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Sidus Space (NASDAQ: SIDU) announces agreement with HEO to incorporate Holmes Imager on LizzieSat missions in Q2 2024, expanding data services. Positive for stock price.
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Sidus Space (NASDAQ: SIDU) CEO to speak at The World Satellite Business Week in Paris
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Sidus Space acquires Exo-Space, expanding its offerings in the AI sector and Earth and Space Observations services market.
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Sidus Space, Inc. announces its financial results for Q2 2023. Gross margin nearly doubles to 37% YoY, while higher-margin satellite revenue increases by 126% YoY. The company is developing an advanced hybrid 3D printed satellite constellation and has secured partnerships with new and existing customers. Total operating expenses increased due to the expansion of the company's staff. Sidus reported revenue of $1.4 million for Q2 2023 and had $7.9 million in cash as of June 30, 2023.
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Sidus Space (NASDAQ: SIDU) announces the release of its 2023 second quarter financial results on August 14, 2023, with a conference call and webcast scheduled for August 15, 2023 at 9:00 am Eastern Time. The company will provide a business update during the event, and interested individuals can access the call through a dial-in replay or an online archive of the webcast.
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FAQ

What is the current stock price of Sidus Space (SIDU)?

The current stock price of Sidus Space (SIDU) is $3.96 as of December 20, 2024.

What is the market cap of Sidus Space (SIDU)?

The market cap of Sidus Space (SIDU) is approximately 39.7M.

What services does Sidus Space, Inc. provide?

Sidus Space offers scalable satellite services, space hardware design, manufacture, launch, and data solutions for government and commercial missions.

What sectors does Sidus Space, Inc. serve?

The company serves sectors including Commercial Space, Aerospace, Defense, Underwater Marine, and various government entities.

Is Sidus Space, Inc. a minority-owned business?

Yes, Sidus Space is a service-disabled veteran-owned, woman-owned, and Hispanic minority-owned small business.

How does Sidus Space, Inc. differentiate itself from other satellite service providers?

Sidus Space stands out by partnering with clients throughout the mission journey, from concept to low Earth orbit and beyond, offering tailored solutions.

What recent achievements has Sidus Space, Inc. accomplished?

Recent achievements include successful satellite launches, strategic partnerships, and advancements in satellite technology.

What types of sensors do Sidus Space's satellites use?

Sidus Space's satellites are equipped with hyperspectral, multi-spectral, and other advanced sensors for comprehensive monitoring services.

What is the mission of Sidus Space, Inc.?

Sidus Space aims to provide comprehensive space-based solutions and support the future of space exploration and data utility.

Can Sidus Space, Inc. support underwater marine missions?

Yes, Sidus Space offers solutions and services for underwater marine missions alongside space, aerospace, and defense sectors.

Where can I find the latest news about Sidus Space, Inc.?

The latest news about Sidus Space, Inc. can be found on their official website and other financial news platforms like StockTitan.

What is the stock symbol for Sidus Space, Inc.?

The stock symbol for Sidus Space, Inc. is SIDU, and it is traded on NASDAQ.

Sidus Space, Inc.

Nasdaq:SIDU

SIDU Rankings

SIDU Stock Data

39.66M
8.52M
3.9%
12.08%
Aerospace & Defense
Radiotelephone Communications
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United States of America
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