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) reported its strongest revenue quarter in partnership with Teledyne Marine, following noteworthy growth in Q2 2022. The companies continue to collaborate since the signing of a two-year master supply agreement in July 2019. Sidus will now manufacture components for Teledyne’s facilities in Massachusetts, Texas, and Florida, expanding their relationship. CEO Carol Craig highlighted the increased trust and product quality that contributes to their success. Sidus Space specializes in Space-as-a-Service solutions and aims to provide scalable satellite services.
Sidus Space (NASDAQ:SIDU) announced that its CEO, Carol Craig, will speak at two major events: the International Space Convention in Bursa, Turkey, from September 9-11, and the World Satellite Business Week in Paris, France, from September 12-16. These events gather industry leaders to discuss trends and strategies in the global space sector. Sidus Space, which focuses on Space-as-a-Service solutions, recently went public via an IPO, making Craig the first female founder of a publicly traded space company.
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company, has partnered with Collins Aerospace to secure NASA's Exploration Extravehicular Activity (xEVAS) services contract. This program, valued at up to $3.5 billion through 2034, will focus on developing new spacesuit capabilities for NASA’s International Space Station and Artemis missions. As a major subcontractor, Sidus aims to play a vital role in the design and manufacturing of these technologies, enhancing its revenue opportunities through strategic partnerships.
Sidus Space (NASDAQ: SIDU) has successfully completed the Phase 1 Safety Review with NASA for its LizzieSat project on June 2, 2022. This significant milestone aims to identify hazards associated with satellite packaging and deployment as part of the ISS Commercial Cargo Resupply Program. Conducted with NASA ISS experts, the review enables Sidus to incorporate necessary engineering controls in the next design phase, enhancing safety and robustness for its Space-as-a-Service offerings. This review is the first of three phases needed to advance the LizzieSat project.
Sidus Space (NASDAQ:SIDU), a satellite company, announced that CEO Carol Craig will be a panelist at the Financial Times “Investing in Space” summit on June 9 in London. The panel will discuss financing perspectives from Venture Capitalists and SMEs. The summit aims to explore the maturation of the commercial space business and investment opportunities. Last December, Sidus Space listed its Class A common stock on NASDAQ, with Craig becoming the first female founder of a publicly traded space company.
Sidus Space (NASDAQ:SIDU) has selected L3Harris Technologies (NYSE:LHX) for its InControl™ and OnTime™ software to manage the LizzieSat™ Constellation. InControl enables comprehensive satellite command and control, while OnTime facilitates mission planning and execution tracking. This collaboration, commencing at the Cape Canaveral facility, aims to optimize operations for over 100 satellites, reducing operational costs significantly. LizzieSats are innovative low Earth orbit microsatellites designed for rapid technology testing and integration, supporting Sidus’s Space-as-a-Service model.
Sidus Space (NASDAQ:SIDU) is set to present at the Emerging Growth Conference on May 25, 2022, at 9:45 AM Eastern. This interactive online event allows investors to engage with Ms. Carol Craig, the company's Founder and CEO. The presentation will focus on Sidus Space's satellite services, including design, manufacture, launch, and data collection. Attendees can register here. An archived webcast will be available afterwards.
Sidus Space, Inc. (NASDAQ:SIDU) announced the successful completion of the Preliminary Design Review (PDR) milestone for NASA’s ASTRA project on May 6, 2022. This collaboration aims to demonstrate autonomous operations for future deep space missions using the LizzieSat-1 satellite, with a planned launch from the ISS in late 2022. Sidus Space is increasing confidence in its systems' interactions while moving towards the Critical Design Review (CDR) in June 2022, focusing on autonomy and real-time assessments for long-duration missions.
Sidus Space, Inc. (NASDAQ:SIDU) reported a remarkable 1075% revenue increase for Q1 2022, reaching $1,799,335, up from $153,136 in Q1 2021. The growth was fueled by a larger customer base and higher contract values. Gross profit improved significantly to $978,337 from a loss of $134,540 in the prior year. However, operating expenses soared to $3,242,783, primarily due to staff expansion and a one-time non-cash expense of $1.2M. The company is preparing for the launch of its LizzieSat™ satellite and enhancing its leadership team with industry veterans.
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