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CAPE CANAERAL, Fla. - Sidus Space, Inc. (NASDAQ: SIDU), a $19.38 million market cap company known for its agile space mission solutions, has successfully placed its third satellite, LizzieSat-3, into Low Earth Orbit (LEO) on Monday. The stock has shown strong momentum recently, gaining over 15% in the past week, according to InvestingPro data. This launch, part of SpaceX’s Transporter-13 rideshare mission, marks a significant stride in the company’s expansion of its AI-driven data solution constellation.
LizzieSat-3 joins its predecessors, LizzieSat-1 and LizzieSat-2, which have been operational since March and December 2024, respectively. The trio of satellites is equipped with advanced artificial intelligence (AI) capabilities, designed to deliver near real-time data for a variety of applications, including defense and commercial sectors.
Carol Craig, CEO of Sidus Space, emphasized the company’s rapid deployment of these hybrid, additively manufactured satellites as a testament to its leadership in space technology and AI innovation. Craig stated that their expertise in delivering efficient, low-cost solutions is transforming the future of space exploration and defense.
The latest satellite features the Sidus Orlaith AI Platform, powered by the FeatherEdge GEN 2 edge computer with an NVIDIA Jetson NX Orin module, capable of 100 Trillion Operations per Second (TOPS). This high-performance system enables on-orbit data processing for critical operations such as Space Situational Awareness (SSA), maritime monitoring, and disaster response.
With the integration of Sidus Orlaith, LizzieSat-3 can autonomously process data in space, reducing the dependency on ground-based computing and decreasing latency for mission-critical operations. The satellite’s space-to-space data relay module enhances its ability to deliver direct-to-user data transfer, providing customers with faster, actionable insights.
Sidus Space’s ongoing expansion of its constellation and services in satellite manufacturing for other entities positions the company at the vanguard of space-based AI technology.
Based in Florida’s Space Coast, Sidus Space offers a comprehensive range of space-related services, including custom satellite design, mission management, and space manufacturing, serving government, defense, intelligence, and commercial customers globally. With trailing twelve-month revenue of $5.19 million and an EBITDA of -$11.8 million, the company faces financial challenges while pursuing growth. InvestingPro analysis reveals 15 additional key insights about Sidus Space’s financial health and market position, available exclusively to subscribers.
This announcement is based on a press release statement from Sidus Space. The company has cautioned that some statements in the press release are forward-looking and subject to various risks and uncertainties. For a deeper understanding of Sidus Space’s financial position and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which provides detailed analysis of the company’s performance metrics and future outlook.
In other recent news, Sidus Space has successfully launched its LizzieSat™-3 satellite as part of SpaceX’s Transporter-13 rideshare mission. This marks the company’s third satellite deployment within a year, enhancing its AI-powered data solutions from Low Earth Orbit. Sidus Space has also entered a strategic partnership with Japanese space-tech company Warpspace to form a Joint Venture aimed at advancing satellite communications and mission operations. The collaboration will leverage Sidus Space’s mission management expertise and Warpspace’s communication systems to offer high-performance solutions for various customer needs.
Additionally, the company announced a significant increase in the base salary for its CEO, Carol Craig, from $325,000 to $400,000, effective February 1, 2025. This decision was approved by the Compensation Committee and reflects the company’s strategic priorities, although specific reasons were not disclosed. Meanwhile, Sidus Space’s stock saw a notable increase following former President Trump’s announcement of plans to send American astronauts to Mars, which renewed investor enthusiasm for space exploration. These developments highlight Sidus Space’s active engagement in expanding its business operations and market reach.
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