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Sidus Space Secures Additional Launches with SpaceX
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Sidus Space (NASDAQ:SIDU) has significantly expanded its launch agreements with SpaceX, nearly doubling its contracted launches for the upcoming years. The agreement includes two additional flights in 2024 and two more in 2025, following the anticipated Maiden Flight of LizzieSat™ later this year. This move establishes a regular launch cadence that is expected to accommodate nine LizzieSats in orbit by early 2025, enhancing the company's capability to offer multiple flight opportunities to its customers. Each LizzieSat™ mission is projected to remain operational in orbit for four to five years.
Positive
Expanded launch agreements with SpaceX, nearly doubling contracted flights.
Establishment of a regular launch cadence, enhancing operational predictability.
Anticipation of nine LizzieSats in orbit by early 2025, increasing service offerings.
Negative
None.
Sidus Space nearly doubles contracted launches with SpaceX, joining four additional Transporter missions in 2024 and 2025
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--
Sidus Space, Inc. (NASDAQ:SIDU) (“The Company”), a Space-as-a-Service company focused on mission critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection, today announced it has signed an agreement with SpaceX to launch on Transporter missions manifested for 2024 and 2025.
This additional agreement further extends the Company’s relationship with SpaceX, chosen in part due to their successful and reliable launch capabilities. Sidus Space expects the Maiden Flight of LizzieSat™ on SpaceX Transporter-9 later this year. Along with launching in 2023, the new agreement adds two additional flights in 2024 and two flights scheduled for launch in 2025, each of which are on upcoming Transporter missions.
"We are thrilled to have signed multi-year agreements with SpaceX, establishing a regular launch cadence for Sidus and our customers,” said Founder and CEO, Carol Craig. “With an expected nine LizzieSats in orbit via SpaceX launches through early 2025, we can accommodate multiple missions, offering a variety of flight opportunities to customers. This provides our customers multiple manifest options to meet their mission objectives while expanding our space data and imagery platform as part our mission of “Bringing Space Down to Earth™.”
Once launched, each LizzieSat™ mission is expected to be in orbit for four to five years. This timeline provides sufficient time on orbit to meet customer needs and to advance future technologies.
About Sidus Space
Sidus Space (NASDAQ: SIDU), located in Cape Canaveral, Florida, operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on commercial satellite design, manufacture, launch, and data collection. The company’s rich heritage includes the design and manufacture of many flight and ground component parts and systems for various space-related customers and programs. Sidus Space has a broad range of Space-As-a-Service offerings including space-rated hardware manufacturing, design engineering, satellite manufacturing and platform development, launch and support services, data analytics services and satellite constellation management.
Sidus Space has a mission of Bringing Space Down to Earth™ and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry, or vertical can start their journey off-planet with Sidus Space’s rapidly scalable, low-cost satellite services, space-based solutions, and testing alternatives. More than just a “Satellite-as-a-Service” provider, Sidus Space is a trusted Mission Partner–from concept to Low Earth Orbit and beyond. Sidus is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2021, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
