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 CEO Carol Craig received the i4 Business 2022 Women’s Inspired Leadership Award in the "Spirit of Progress" category. Ms. Craig has significantly impacted the aerospace and defense industry, leading to job creation and advancements in space. She made history as the first female founder of a space company to go public in December 2021. The award honors women who have influenced their fields and communities. The recognition event took place on May 10 at Caribe Royale Resort in Florida.
Sidus Space (NASDAQ:SIDU) has signed a memorandum of understanding with Dhruva Space to enhance commercialization of innovative space technologies. This partnership aims to support space missions in India and the U.S. through collaborations on satellite operations, R&D, and technology commercialization. It will involve the marketing and deployment of satellites to improve technology readiness levels. Sidus CEO Carol Craig highlights this agreement as a key step toward expanding opportunities for both companies.
Sidus Space, Inc. (NASDAQ: SIDU) has announced that its Founder and CEO, Carol Craig, received the Distinguished Alumni Achievement Award from the University of Illinois on April 26, 2022. This award recognizes exceptional contributions in the field of computer science. Craig, a trailblazer as the first female founder of a public space-based company, has an extensive military and engineering background. Sidus Space operates from Cape Canaveral, Florida, focusing on commercial satellite services and aims to make space accessible for various industries.
Sidus Space (NASDAQ: SIDU) announces the appointment of John Curry as the new Chief Mission Operations Officer. With over 35 years of experience in spacecraft design and management, including his tenure as a NASA Flight Director, Curry is expected to enhance operational efficiency. His previous roles include oversight of lunar mission design and leadership in the Dream Chaser program at Sierra Nevada Corporation. Curry aims to leverage his expertise to ensure the successful deployment of the Lizziesat™ constellation.
Sidus Space, Inc. (NASDAQ:SIDU) announced the appointment of Teresa Burchfield as Chief Financial Officer, effective April 11, 2022. Burchfield brings over 30 years of finance experience, previously serving key roles at Tupperware, including CFO for the US & Canada. She succeeds Scott Silverman, who will assist in a consulting role until June 30, 2022. Burchfield's extensive background in finance and operational efficiency is expected to be pivotal as Sidus pursues expansion and shareholder value enhancement.
Sidus Space, Inc. (NASDAQ:SIDU) reported its fourth-quarter and full-year 2021 results. Fourth-quarter revenue increased 95% to $523,419, despite a net loss of $2,426,490. For the full year, revenue declined 22% to $1,408,724, impacted by COVID-19 supply chain issues. Operating expenses surged due to staff expansion and initial public offering costs. Total assets rose to $17.3 million, with cash holdings of $13.7 million. Notably, Sidus secured contracts exceeding $5 million with NASA and expanded its partnerships, highlighting a strategic focus on growth and innovation.
Sidus Space, Inc. (NASDAQ: SIDU) has announced the upcoming launch of its LizzieSat™ satellite to the International Space Station (ISS) later this year. The multi-mission satellite will cater to various customer needs, providing data from Low Earth Orbit through established communications and navigation systems. The satellite is expected to be delivered via NASA's Commercial Resupply Services, specifically through SpaceX and Northrop Grumman. The Preliminary Design Review is complete, and final customer payloads are being tracked for a Q4 2022 launch.
Sidus Space, Inc. (NASDAQ: SIDU) announces its participation in two key events: the SATELLITE 2022 Conference on March 22-24 in Washington DC and the Space Symposium from April 4-7 in Colorado Springs. The company will showcase its multipurpose satellite, LizzieSat™, which integrates custom payloads for data collection from Low Earth Orbit. With a wide array of Space-as-a-Service offerings, Sidus Space aims to connect with global industry professionals and reinforce its market presence.
Sidus Space, Inc. (NASDAQ:SIDU) has successfully completed the LizzieSat™ (LS) Preliminary Design Review (PDR), signaling that the satellite's design and system architecture meet project requirements. This achievement indicates the program is on schedule for its initial launch within a planned fleet of 100 microsatellites intended for diverse customer payloads and space-based data collection. The LS satellites, weighing 100kg, are designed for rapid integration of customer technology, enhancing Sidus Space's capabilities in the commercial satellite sector.
Sidus Space, Inc. (NASDAQ:SIDU) has announced a strategic partnership with Aitech Systems to support the LizzieSat™ Constellation. Aitech will develop custom Command and Data Handling (C&DH) flight computers essential for the satellite's operations. The LizzieSats are 100kg microsatellites designed for rapid integration of customer technologies in Low Earth Orbit (LEO). This collaboration aims to enhance Sidus Space's capabilities in satellite manufacturing and data collection.
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