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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. (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.

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Sidus Space (NASDAQ:SIDU) announces CEO Carol Craig's participation as a panelist at the Financial Times' 'Investing in Space' summit on June 9, 2022, in London. The panel focuses on financing perspectives from venture capitalists and SMEs, discussing the attraction of private equity for startups. Sidus Space, known for its commercial satellite services, recently went public, making Craig the first female founder to do so in the space industry. The summit aims to explore investment opportunities as the commercial space sector matures.

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Sidus Space, Inc. (NASDAQ:SIDU) has received over $1.5 million in purchase orders for space hardware and services from four customers, including new and modified orders. This marks a strong start for 2022, showcasing Sidus Space's capabilities as a Space-as-a-Service provider. With over ten years in space hardware manufacturing, the company operates from a 35,000-square-foot facility in Cape Canaveral, Florida. The announcement highlights Sidus’s integral role in the space ecosystem and its mission of Bringing Space Down to Earth.

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Sidus Space, Inc. (NASDAQ: SIDU) has announced a strategic partnership with Red Canyon Software, Inc. to develop the LizzieSat™ constellation, comprising 100 LEO microsatellites. These 3D-manufactured 100 kg satellites aim to offer rapid, cost-effective technology testing for various clients. The collaboration will enhance design, integration, and deployment processes. Barry Hamilton from Red Canyon emphasizes the partnership's potential to reduce costs and improve ROI for space entrepreneurs. Sidus Space continues its mission to provide scalable satellite services and innovative space solutions.

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Sidus Space, Inc. (NASDAQ:SIDU), a satellite company, has announced the formation of its Board of Directors following its initial public offering on December 14, 2021. The five-member board includes three independent directors, comprising Dana Kilborne, Cole Oliver, Miguel Valero, Jamie Adams, and Carol Craig. The CEO, Carol Craig, emphasized the board's industry expertise to propel the company's mission of offering affordable satellite services. Sidus Space aims to provide comprehensive satellite solutions from design to low Earth orbit.

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Sidus Space, Inc. (NASDAQ:SIDU) has appointed Gerry Schaafsma as Chief Sales and Revenue Officer, bringing nearly 30 years of experience in technology sales from companies like AT&T and Nokia. His role will focus on aligning revenue-generating channels to enhance global customer engagement. Jamie Adams, CTO of Sidus, emphasized Schaafsma's diverse market experience as vital for the company's mission to integrate satellite capabilities for various customer needs. Sidus Space operates a 35,000-square-foot facility dedicated to satellite design, manufacture, and launch.

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Sidus Space, Inc. (NASDAQ:SIDU) highlights significant milestones from 2021, including the recovery of its External Flight Test Platform via SpaceX's Dragon spacecraft. The name change from Craig Technologies Aerospace Solutions to Sidus Space reflects its expanded Space-as-a-Service offerings. Notable achievements include securing over $5M contracts with NASA and a new Product Pricing Agreement. CEO Carol Craig made history as the first woman founder of a public space-based company. The company aims to launch 100 satellites in 2022 and enhance its cleanroom facilities for growth.

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Sidus Space, Inc. (NASDAQ:SIDU) recently announced that CTO Jamie Adams participated in a Zero-G flight demonstration to test Dhruva Space's CubeSat deployer in Florida. This flight aimed to simulate microgravity conditions essential for testing the deployer's spring-loaded mechanisms. The partnership with Dhruva Space, established in 2020, enhances Sidus' capabilities by integrating Dhruva's deployer with Sidus' developing Phoenix Deployer, providing comprehensive CubeSat launch options. The collaboration aims to boost the commercialization of innovative space technologies.

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Sidus Space, Inc. (NASDAQ:SIDU) has announced the construction of a new ISO 100,000 cleanroom at its Cape Canaveral facility to enhance the production and testing capabilities for the LizzieSat™ satellite constellation. This state-of-the-art facility will support the assembly and testing of up to six satellites simultaneously, ensuring high-quality standards necessary for space operations. Additionally, Sidus is ramping up production capacity following the awarding of multi-million dollar contracts. The cleanroom will feature advanced HEPA filtration to remove 99.99% of airborne particles.

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Sidus Space (NASDAQ:SIDU) has partnered with Kongsberg Satellite Services (KSAT) to provide ground station services for its LizzieSat™ satellite constellation, which aims to launch 100 satellites by late 2022. This partnership enhances Sidus' capabilities by enabling rapid data delivery, improving geolocation data transmission times by 66%. KSAT's KSATlite network supports over 35,000 satellite passes monthly, positioning them as a leader in small satellite operations. This collaboration aims to support commercial and government customers with high-impact data collection and analysis.

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Sidus Space (NASDAQ:SIDU) has secured two significant contracts valued at $1 million, one with NASA for the ASTRA program and another with blockchain technology company Mission Helios. The NASA partnership involves integrating autonomous systems for space operations, utilizing the LizzieSat-1 satellite, which is set to launch in late 2022. The contract with Mission Helios aims to develop a blockchain satellite imagery system that will encode images into NFTs. Both contracts mark a key step in advancing the company's capabilities in the rapidly evolving space market.

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FAQ

What is the current stock price of Sidus Space (SIDU)?

The current stock price of Sidus Space (SIDU) is $3.96 as of December 20, 2024.

What is the market cap of Sidus Space (SIDU)?

The market cap of Sidus Space (SIDU) is approximately 39.7M.

What services does Sidus Space, Inc. provide?

Sidus Space offers scalable satellite services, space hardware design, manufacture, launch, and data solutions for government and commercial missions.

What sectors does Sidus Space, Inc. serve?

The company serves sectors including Commercial Space, Aerospace, Defense, Underwater Marine, and various government entities.

Is Sidus Space, Inc. a minority-owned business?

Yes, Sidus Space is a service-disabled veteran-owned, woman-owned, and Hispanic minority-owned small business.

How does Sidus Space, Inc. differentiate itself from other satellite service providers?

Sidus Space stands out by partnering with clients throughout the mission journey, from concept to low Earth orbit and beyond, offering tailored solutions.

What recent achievements has Sidus Space, Inc. accomplished?

Recent achievements include successful satellite launches, strategic partnerships, and advancements in satellite technology.

What types of sensors do Sidus Space's satellites use?

Sidus Space's satellites are equipped with hyperspectral, multi-spectral, and other advanced sensors for comprehensive monitoring services.

What is the mission of Sidus Space, Inc.?

Sidus Space aims to provide comprehensive space-based solutions and support the future of space exploration and data utility.

Can Sidus Space, Inc. support underwater marine missions?

Yes, Sidus Space offers solutions and services for underwater marine missions alongside space, aerospace, and defense sectors.

Where can I find the latest news about Sidus Space, Inc.?

The latest news about Sidus Space, Inc. can be found on their official website and other financial news platforms like StockTitan.

What is the stock symbol for Sidus Space, Inc.?

The stock symbol for Sidus Space, Inc. is SIDU, and it is traded on NASDAQ.

Sidus Space, Inc.

Nasdaq:SIDU

SIDU Rankings

SIDU Stock Data

39.66M
8.52M
3.9%
12.08%
Aerospace & Defense
Radiotelephone Communications
Link
United States of America
CAPE CANAVERAL