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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, Inc. (NASDAQ: SIDU) partners with Orbital Transports to expand its market reach in the global space industry. The partnership allows Sidus to offer technology integration services on its LizzieSat satellite bus platform and high-performance edge computing platform, enhancing its visibility and business opportunities.
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Sidus Space, Inc. (NASDAQ: SIDU) announced a new agreement with HEO for NEI payload and data services at the Space Symposium in Colorado Springs. The agreement involves hosting HEO's NEI imager, HOLMES-006, on LizzieSat-3, along with a data services contract. This is the second agreement between the two companies, showcasing Sidus Space's commitment to space technology.
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Sidus Space, Inc. (NASDAQ: SIDU) unveils its Mission Control Center (MCC) as a new revenue stream, offering spacecraft monitoring and support services to commercial customers. The MCC ensures mission success by monitoring all aspects of a mission, from launch to completion, with 100% uptime and bidirectional communication capabilities.
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Sidus Space, Inc. (NASDAQ: SIDU) announces participation in key industry and investor conferences in April 2024. CEO and Founder Carol Craig to join a panel at the Space Foundation Space Symposium. CFO Bill White to present at LD Micro Invitational XIV and Water Tower Research AI & Technology Hybrid Investor Conference.
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Sidus Space, Inc. (NASDAQ:SIDU) reports financial results for 2023, highlighting the successful launch of LizzieSat-1 and plans for future satellite launches. The company achieved a 28% gross margin in 2023, showing an 8% improvement over the previous year. Sidus raised $15.2 million post-year end for further expansion. Operational and corporate highlights include new patents, contracts, and financial data. Despite a revenue decrease of $1.3 million in 2023, cost of revenue decreased by 26%, leading to a 14% increase in gross profit with a margin of 28%. Adjusted EBITDA loss increased to $10.9 million, and the net loss was $14.3 million for 2023. The balance sheet shows cash of $1.2 million at the end of 2023, with increases in liabilities compared to the previous year.
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Sidus Space, Inc. CEO to participate in Women in Space panel discussion at the Department of Commerce. The event celebrates Women's History Month and women's achievements in the space industry.
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Sidus Space, Inc. (NASDAQ: SIDU) announced the successful establishment of two-way communications with its 3D-printed satellite, LizzieSat™, powered by Geospatial Artificial Intelligence. The company's innovative production process using Markforged's material reduces cost, weight, and production time, with a 45-day manufacturing timeline per satellite. Sidus plans to launch two more LizzieSats this year, enhancing its Data-as-a-Service business model.
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Sidus Space, Inc. (NASDAQ:SIDU) will host its fourth quarter and full year 2023 financial results conference call on March 27, 2024, offering a chance for investors to engage with management. The event will provide insights into the company's financial performance and future prospects.
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Sidus Space (NASDAQ: SIDU) announces Founder and CEO Carol Craig's participation in a panel at SATELLITE 2024 to discuss the role of AI in satellite operations and data analysis. The company aims to drive technological advancement and future growth.
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Sidus Space, Inc. (NASDAQ: SIDU) successfully received signals from its LizzieSat™ satellite after launch and deployment to low Earth orbit as part of SpaceX’s Transporter-10 Rideshare mission. The satellite, weighing 275 pounds and the size of a mini-refrigerator, can support multiple missions and customers. Sidus aims to become a leading Space and Defense as a Service company, providing innovative space technology and data collection services to government and commercial clients.
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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
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United States of America
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