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.
Sidus Space, Inc. (NASDAQ:SIDU) announced that Carol Craig, Founder and CEO, will be a featured speaker at the Junior Achievement National Convention on July 27, 2023, in Louisville, Kentucky. This event is part of Sidus’ Sidus Serves initiative, focusing on community support and education. The initiative emphasizes volunteerism and aims to empower future leaders through STEM programs, environmental initiatives, and veteran affairs.
Craig has been active in Junior Achievement for 15 years, contributing over $170,000 to support educational programs. Junior Achievement is dedicated to educating students about entrepreneurship and financial literacy, reaching over 3.3 million students annually in the U.S.
Sidus Space, Inc. (NASDAQ:SIDU) has announced a partnership with L3Harris Technologies (NYSE:LHX) through the Department of Defense Mentor-Protégé Program (MPP). This collaboration aims to enhance Sidus' operational capabilities within the defense sector, enabling the company to improve its processes and gain insights from a larger company perspective. The agreement, effective from April 1, 2023, to March 31, 2024, will expand Sidus' supplier relationships and solidify its position in providing Space-as-a-Service solutions to global customers, including the Department of Defense. The MPP has successfully aided over 190 businesses in the past five years to carve out unique roles in the military supply chain.
Sidus Space, Inc. (NASDAQ:SIDU), a satellite company based in Cape Canaveral, Florida, has appointed Leonardo Riera to its Board of Directors. Riera brings over 35 years of experience in investment banking and fund management, having held significant positions at McKinsey & Co, Citicorp Investment Bank, and Bankers Trust in Venezuela. His extensive background includes roles in mergers and acquisitions and corporate governance. Riera currently serves on the boards of several companies, contributing his expertise in financial services to enhance business growth for Sidus Space. Company leadership expressed enthusiasm about Riera's appointment, viewing it as a strategic move to drive the company's expansion and innovation.
Sidus Space, Inc. (NASDAQ:SIDU), a satellite company specializing in Space and Defense-as-a-Service, will participate in the Space Symposium 2023 from April 17 to 20 in Colorado Springs, Colorado. Founder and CEO Carol Craig emphasized the importance of the event, noting the attendance of over 10,000 industry professionals. The symposium presents an opportunity for Sidus to connect with potential customers and partners as it prepares for the launch of its first LizzeSat™ satellite. Sidus Space operates a 35,000-square-foot facility in Cape Canaveral, Florida, focusing on satellite design, manufacturing, and mission support.
Sidus Space (NASDAQ:SIDU), a leader in Space-as-a-Service, will engage in key investor events in New York. The company's CEO Carol Craig will hold one-on-one meetings at the EF Hutton Inaugural Global Investment Conference on May 10, 2023, and present at the Taglich Brothers 19th Annual Investment Conference on May 1, 2023. With a 35,000-square-foot facility in Cape Canaveral, Florida, Sidus specializes in commercial satellite design, manufacturing, and launch. The company's mission is to provide scalable, low-cost satellite services, supporting various industries with space-based solutions.
Sidus Space, Inc. (NASDAQ:SIDU), a provider of Space-as-a-Service solutions, has completed critical command and data system testing for its LizzieSat™ constellation, advancing towards its 2023 launch from Cape Canaveral, Florida. The tests, conducted in partnership with Kongsberg Satellite, verified the S-Band RF communication systems between the satellites and ground stations. CEO Carol Craig emphasized that this successful test aligns with key design requirements, allowing optimal satellite operations for a projected five-year lifespan in orbit.
Sidus Space (NASDAQ:SIDU) has unveiled a video in partnership with Markforged, highlighting the role of 3D printing in developing its LizzieSat™ satellites. The company utilizes Markforged's technology to produce satellite components, enhancing efficiency and cost-effectiveness. CEO Carol Craig noted the positive impact of Markforged's printers on their External Flight Test Platform mission at the ISS. The LizzieSat™ constellation aims to provide on-demand geospatial intelligence, transitioning from static imaging solutions. Sidus Space operates from a 35,000-square-foot facility in Cape Canaveral, Florida, focusing on commercial satellite design and manufacturing.
Sidus Space, Inc. (NASDAQ:SIDU) has partnered with SatLab to integrate its second-generation Automated Identification System (AIS) technology into Sidus's LizzieSat™ satellite constellation. This collaboration enhances vessel tracking and monitoring capabilities, aiming to prevent collisions and improve maritime safety. The global AIS market is projected to grow from $260 million in 2021 to $440 million by 2030. Sidus Space focuses on providing Space-as-a-Service, combining satellite design, manufacturing, and data services. The integration is expected to attract prospective customers and improve efficiencies in maritime operations.
Sidus Space, Inc. (NASDAQ:SIDU) reported remarkable revenue growth of 418%, reaching $7.3 million in 2022, up from $1.4 million in 2021. The company is expanding into the small satellite and Earth observation data market, poised for recurring revenues and enhanced margins. Key milestones include securing multiple launches with SpaceX and a $2.5 million agreement with The Netherlands Organization to test laser communication technology. Sidus aims to deploy LizzieSat™ satellites in low Earth orbit by 2026, increasing accessibility to space-based data. The firm ended 2022 with $2.3 million in cash and completed a public offering generating $5.2 million.
Sidus Space, Inc. (NASDAQ: SIDU) announced its year-end results filing with the SEC on March 15, 2022, after market close. The earnings press release is scheduled for March 16, before market open. The company will conduct a webcast at 9:00 AM ET on the same day to discuss results and provide a business update. Sidus, located in Cape Canaveral, Florida, specializes in Space-as-a-Service solutions, focusing on satellite design, production, and support services. The firm operates from a 35,000-square-foot facility and aims to enable space access for various industries while maintaining ISO 9001:2015 and AS9100 Rev. D certifications.
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