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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. (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.

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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Sidus Space Inc

Nasdaq:SIDU

SIDU Rankings

SIDU Stock Data

25.63M
18.09M
1.14%
20.27%
6.45%
Aerospace & Defense
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United States
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