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.
Sidus Space (NASDAQ: SIDU) has announced the launch of its LizzieSat™-2 satellite, scheduled for December 21, 2024, from Vandenberg Space Force Base in California as part of SpaceX's Bandwagon-2 rideshare mission. The next-generation satellite, designed and manufactured at Sidus' Space Coast facility in Florida, features advanced capabilities including AIS, methane detection, visual spectrum sensors, and the HEO Holmes Imager. LizzieSat™-2 incorporates the company's proprietary FeatherEdge™ AI processor for on-orbit data processing, supporting applications in Space Situational Awareness, non-Earth Imaging, maritime monitoring, environmental assessments, and disaster response.
Sidus Space (NASDAQ: SIDU) has closed a private placement offering, raising approximately $14.1 million from accredited and institutional investors. The offering consisted of units priced at $2.07 each, comprising 6,819,892 shares of Class A common stock (or pre-funded warrants) and warrants to purchase 3,409,946 common shares.
The common warrants have an exercise price of $2.25 per share and are exercisable for five and a half years. Pre-funded warrants can be exercised at $0.0001 per share. ThinkEquity served as the exclusive placement agent. The company plans to use the proceeds for working capital and general corporate purposes.
Sidus Space (NASDAQ: SIDU) has announced a $14 million private placement through securities purchase agreements with accredited and institutional investors. The company will issue 6,799,892 shares of Class A common stock (or pre-funded warrants) at $2.07 per unit, along with warrants to purchase 3,399,946 additional shares at $2.25 per share. The warrants will be exercisable for five and a half years.
The private placement, expected to close on December 18, 2024, is being managed by ThinkEquity as the exclusive placement agent. Sidus plans to use the proceeds for working capital and general corporate purposes. The company will file a registration statement with the SEC for the resale of these securities.
Sidus Space (NASDAQ: SIDU) has completed launch processing of LizzieSat™-2 at Vandenberg Space Force Base, ready for SpaceX's Bandwagon-2 rideshare mission targeted for December 2024. The satellite features advanced capabilities including AIS, multi-spectral methane detection, high-resolution visual spectrum sensors, and the HEO Holmes Imager for non-Earth imaging. Equipped with Sidus' proprietary FeatherEdge™ AI processor, LizzieSat™-2 will enable on-orbit data processing for applications in Space Situational Awareness, maritime monitoring, environmental assessments, and disaster response.
Sidus Space (NASDAQ: SIDU) has announced a strategic partnership with Reflex Aerospace, a European satellite manufacturing startup. The collaboration, signed at Space Tech Expo Europe, combines Sidus' satellite manufacturing and mission operations expertise with Reflex's rapid, custom satellite design capabilities. The partnership aims to deliver flexible, cost-effective satellite solutions for global markets, with both companies contributing to satellite production starting in 2025.
Sidus Space (NASDAQ: SIDU) reported Q3 2024 financial results showing significant growth with revenues of $1.9 million, a 90% increase year-over-year. The company achieved a gross profit of $38,000, marking a 140% increase, while reducing EBITDA loss by 33% to $2.5 million. SG&A expenses decreased by 15% to $3.2 million. Notable achievements include selection as exclusive manufacturer for Lonestar's lunar data storage constellation, FCC approval for LEO micro constellation, and successful completion of ASTRA mission with NASA. The company raised $7 million through a public offering and is preparing for LizzieSat™-2 launch in December 2024.
Sidus Space (NASDAQ: SIDU) has completed its previously announced public offering, raising $7.0 million in gross proceeds. The offering consisted of 5,600,000 shares of Class A common stock (or pre-funded warrants) sold at $1.25 per share. ThinkEquity served as the sole book-running manager for the offering. The company plans to use the net proceeds for working capital and general corporate purposes. The offering was made through a registration statement on Form S-1 that became effective on November 12, 2024.
Sidus Space (Nasdaq: SIDU) has announced the pricing of an underwritten public offering of 5,600,000 shares of Class A common stock (or pre-funded warrants) at $1.25 per share, aiming to raise $7.0 million in gross proceeds. The company granted underwriters a 45-day option to purchase up to an additional 840,000 shares. ThinkEquity is serving as the sole book-running manager. The offering is expected to close on November 14, 2024, with proceeds intended for working capital and general corporate purposes.
Sidus Space (NASDAQ: SIDU) has been selected as the exclusive manufacturing partner to design and build six LizzieSat™ lunar spacecraft for Lonestar, a provider of premium data storage and Resiliency As A Service (RAAS). The spacecraft will orbit the Moon, offering advanced data storage and disaster recovery capabilities for mission-critical information. Under the agreement, Sidus will manage design, payload integration, planning, and on-orbit support for all satellites. The lunar spacecraft fleet will serve to safeguard essential data while providing a scalable platform for future space-based data storage needs.
Sidus Space (NASDAQ: SIDU), a space mission enabler company, has announced its upcoming third quarter 2024 financial results conference call scheduled for November 14, 2024, at 5:00 p.m. ET. The call will be accessible via U.S. Toll-Free (+1-877-269-7751) and International (+1-201-389-0908) numbers. A webcast replay will be available for three months on the company's investor website, and a dial-in replay will be accessible until November 28, 2024, using dedicated replay numbers.
