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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.

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Sidus Space (NASDAQ: SIDU) has announced its participation in several key industry and financial conferences in Q1 and Q2 2023. Beginning with the Ilan Ramon International Space Conference in Tel Aviv, Israel, Sidus aims to enhance its international presence and forge strategic partnerships. Upcoming conferences include GEO Week, SpaceCom, and SATELLITE 2023 in Washington, D.C., where CEO Carol Craig will present on innovation in the space supply chain. Sidus is also participating in investor conferences, starting with the Emerging Growth Conference on February 8, 2023, highlighting its growth strategy and technological innovations.

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Sidus Space, Inc. (NASDAQ: SIDU) has successfully closed its underwritten public offering of 17,250,000 shares of Class A common stock at a price of $0.30 per share, generating gross proceeds of approximately $5.2 million. The offering included the full exercise of the underwriters’ over-allotment option. The net proceeds will be allocated for sales and marketing, operational costs, product development, and general corporate purposes. Boustead Securities, LLC and EF Hutton acted as the underwriters for this offering. Sidus Space specializes in Space-as-a-Service, focusing on satellite design, manufacturing, and launch services.

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Sidus Space, Inc. (NASDAQ: SIDU) has announced an underwritten public offering of 15,000,000 shares of Class A common stock priced at $0.30 per share, aiming to raise approximately $4.5 million in gross proceeds. The offering is expected to close on February 2, 2023. The funds will be utilized for sales, marketing, operational costs, product development, and working capital. Underwriters have a 45-day option for an additional 2,250,000 shares in case of over-allotments. This registration statement was filed with the SEC on January 13, 2023 and became effective by January 30, 2023.

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Sidus Space (NASDAQ: SIDU) has entered an agreement with SkyWatch to utilize its TerraStream data-management platform. This partnership aims to enhance Sidus' commercial data distribution strategy and expand its customer base. TerraStream will allow Sidus to provide cost-effective access to Space-based data, contributing to new revenue streams and customer engagement. The launch of LizzieSat-1 in 2023 will further support this strategy by supplying mission-based data focusing on various industries. The partnership is expected to position Sidus strongly in the growing market for remote sensing data.

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Sidus Space (NASDAQ: SIDU), located in Cape Canaveral, Florida, has partnered with ViaSatellite to launch a webcast series on the value of space-derived data. The first session, "Building in Space: Infrastructure for a New Frontier," will take place on Jan. 23, featuring CEO Carol Craig. The company aims to educate industry leaders on leveraging space-based data for predictive analytics. Sidus Space operates a 35,000-square-foot facility offering various Space-as-a-Service solutions, focused on facilitating access to critical space information for diverse industries.

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Sidus Space, Inc. (NASDAQ:SIDU) has been selected as a subcontractor by Craig Technologies for a project valued at over $2 million. The company will manufacture, assemble, test, and deliver 13 Propulsion Plant Team Trainer Maneuvering Area Panels for Bechtel Plant Machinery, Inc. (BPMI), which supports the U.S. Naval Nuclear Propulsion Program. This partnership marks Sidus Space's continued support for the U.S. Navy, building on previous contracts. Sidus operates a 35,000-square-foot facility in Cape Canaveral, Florida, focusing on Space-as-a-Service offerings.

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Sidus Space, Inc. (NASDAQ:SIDU) has released a letter from CEO Carol Craig, reflecting on the company's first year as a publicly traded entity. The company reported remarkable year-over-year growth, with revenue increasing over 450% and gross profit up 821% in the first nine months of 2022 compared to 2021. Key achievements include new contracts, a pivotal launch preparation for LizzieSat-1, and international expansion, positioning Sidus for a transformational 2023. The focus remains on profitability while scaling operations to meet increasing demand.

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Sidus Space (NASDAQ: SIDU) has been awarded a contract by Bechtel Corporation to manufacture cables for the NASA Mobile Launcher 2 project. This collaboration emphasizes Sidus's expertise in mission-critical hardware and its role in the Artemis program, which aims to launch astronauts and cargo to the Moon. This partnership builds on previous work with Bechtel, showcasing the company's stable revenue stream from its Space-as-a-Service model. Sidus Space is ISO certified and offers a range of space-related services, reinforcing its position in the aerospace industry.

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Sidus Space has been awarded a Stage I Contract by the National Reconnaissance Office (NRO) to explore commercial hyperspectral imaging capabilities. This contract marks the beginning of a competitive proposal effort, where Sidus will demonstrate its Lizziesat technology over a period of 6-18 months. The goal is to utilize hyperspectral imaging for various applications including agriculture and surveillance. Successful completion may lead to further contracts focusing on full product integration within the NRO's enterprise architecture.

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The press release has been deleted by the news provider, thus no critical business information regarding the company SIDU is available for analysis. Consequently, there are no financial metrics or developments to summarize, nor any positive or negative aspects to evaluate.

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Sidus Space Inc

Nasdaq:SIDU

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SIDU Stock Data

25.63M
18.09M
1.14%
20.27%
6.45%
Aerospace & Defense
Radiotelephone Communications
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United States
CAPE CANAVERAL