Latest news with #CarolCraig
Business Wire
04-08-2025
- Business
- Business Wire
Sidus Space Successfully Deploys Advanced SpacePilot Software for Autonomous Operations; Commissions LizzieSat ® -3 Attitude Determination and Control System
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU), (the Company or 'Sidus'), an innovative space and defense technology company, today announced the successful deployment of its new autonomous guidance, navigation, and control (GNC) software, SpacePilot and commissioning of the Attitude Determination and Control System (ADCS) on LizzieSat ® -3 (LS3). 'Activating SpacePilot and commissioning the ADCS marks a critical milestone for LS3's mission,' said Carol Craig, Founder and CEO of Sidus Space. Designed for next-generation satellite operations, SpacePilot integrates real-time star tracker, sun sensor, magnetometer, gyroscope, and GPS data onboard LS3 to enable high-precision orbital control with minimal ground intervention. Key features include: Attitude Determination: Real-time estimation of spacecraft orientation for mission-critical accuracy Attitude Control: Stabilization and mission-aligned adjustments to support payload operations Optimal Trajectory: Fuel-efficient, time-optimized flight paths for extended mission life Autonomous Guidance: Precise rendezvous and proximity operations (RPO) with minimal operator input Adaptive Autonomy: Dynamic response to changing orbital conditions and fault scenarios Lightweight Design: Optimized for resource-constrained small satellite platforms 'Activating SpacePilot and commissioning the ADCS marks a critical milestone for LS3's mission,' said Carol Craig, Founder and CEO of Sidus Space. 'This software enables a higher level of autonomy, ensuring greater efficiency and mission resilience while reducing reliance on ground resources.' The successful commissioning of the ADCS marks a critical step toward LS3's full mission readiness. With the deployment of autonomous SpacePilot, the satellite can achieve accurate sun-pointing for maximum power generation, stabilize payload orientation for improved data collection, and maintain antenna alignment for reliable communications. This milestone also paves the way for more rapid commissioning of the remaining onboard technologies, including Sidus's proprietary sensor suite. LS3's successful commissioning and SpacePilot deployment reinforce Sidus Space's commitment to advancing autonomous satellite technologies as part of its growing LizzieSat ® constellation. About Sidus Space Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined ®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat ®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: 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, 2024, 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.
Yahoo
01-08-2025
- Business
- Yahoo
Sidus Space, Inc. (SIDU) Announces Closing of Public Offering
Sidus Space, Inc. (NASDAQ:SIDU) is among the 10 Best Low Priced Defense Stocks to Buy Now, based on hedge fund sentiment. On July 29, the company announced the closing of its public offering of 7,143,000 shares of its Class A common stock. A satellite in the night sky, glimmering with the promise of aerospace exploration. Each share was sold at a public offering price of $1.05 for gross proceeds of around $7.5 million, before deducting offering expenses and the placement agent's fees. Sidus Space, Inc. (NASDAQ:SIDU) intends to use the net proceeds for operational costs, sales and marketing, product development, manufacturing expansion, working capital, and other corporate purposes. CEO Carol Craig said the offering, coupled with the recent launch of dual-use Fortis VPX product line with integrated AI/ML processing, positions the company well to focus on growth opportunities ahead. Adarsh Parekh, the firm's CFO, believes the additional capital will strengthen the company's liquidity and aid in strategy execution and high-growth initiatives. Sidus Space, Inc. (NASDAQ:SIDU) is engaged in the design, manufacture, launch, and data collection of satellites. It serves the aerospace, commercial space, and defense industries. While we acknowledge the potential of SIDU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Aerospace Stocks to Buy Now and 13 Best Global Stocks to Buy Right Now. Disclosure: None. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Broadcast Pro
31-07-2025
- Business
- Broadcast Pro
Sidus Space closes $7.5m public offering
The capital infusion is expected to enhance Sidus Spaces ability to scale its operations and support future growth. Sidus Space has officially closed its previously announced best-efforts public offering, raising approximately $7.5m through the sale of 7,143,000 shares of its Class A common stock. The shares were priced at $1.05 each, with all shares sold directly by the company. Gross proceeds were reported before the deduction of placement agent fees and other offering-related expenses. The company stated that the net proceeds will be allocated to several key areas, including sales and marketing, operational costs, product development, manufacturing expansion and general corporate purposes. The capital infusion is expected to enhance Sidus Spaces ability to scale its operations and support future growth. Carol Craig, Chief Executive Officer, Sidus Space, said: 'This offering, coupled with our recently announced launch of our dual-use Fortis VPX product line with integrated AI/ML processing, positions Sidus to focus on significant growth opportunities.' Adarsh Parekh, Chief Financial Officer, added: 'The additional capital bolsters our liquidity, allowing our team to fully focus on the execution of our strategy and high growth initiatives that we expect will drive real outcomes for our customers.' Investment banking firm ThinkEquity served as the sole placement agent for the offering.
Business Wire
29-07-2025
- Business
- Business Wire
Sidus Space Announces Closing of Public Offering
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), an innovative, agile space and defense technology company providing flexible, cost-effective solutions to government, defense, intelligence, and commercial companies around the globe, today announced the closing of its previously announced best-efforts public offering of 7,143,000 shares of its Class A common stock. Each share of Class A common stock was sold at a public offering price of $1.05 per share for gross proceeds of approximately $7.5 million, before deducting the placement agent's fees and offering expenses. All of the shares of common stock were offered by the Company. The Company intends to use the net proceeds from the offering for (i) sales and marketing, (ii) operational costs, (iii) product development, (iv) manufacturing expansion and (v) working capital and other general corporate purposes. 'This offering, coupled with our recently announced launch of our dual-use Fortis™ VPX product line with integrated AI/ML processing, positions Sidus to focus on significant growth opportunities.' said Carol Craig, the Company's Chief Executive Officer. Adarsh Parekh, Chief Financial Officer, added, 'The additional capital bolsters our liquidity, allowing our team to fully focus on the execution of our strategy and high growth initiatives that we expect will drive real outcomes for our customers.' ThinkEquity acted as sole placement agent for the offering. The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-273430), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the 'SEC') on July 26, 2023 and declared effective on August 14, 2023. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC's website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Sidus Space Sidus Space (NASDAQ: SIDU) is an innovative, agile space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: 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 prospectus supplement and Annual Report on Form 10-K for the year ended December 31, 2024, 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.
Business Wire
23-06-2025
- Business
- Business Wire
Sidus Space Advances $120M Agreement with Lonestar, Selects Atomic-6 as Solar Array Partner for Cislunar Data Satellite Mission
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU), (the 'Company' or 'Sidus'), an innovative space and defense technology provider, today announced the next milestone under its expanded $120 million preliminary agreement with Lonestar Data Holdings Inc. to support the world's first lunar data centers. Atomic-6 has been selected to supply its Light Wing™ solar arrays which are expected to power Sidus' LizzieSat® satellites supporting Lonestar's cislunar data storage constellation. 'This collaboration marks a key advancement as we evolve LizzieSat® in executing our vision for lunar satellite services,' said Carol Craig, CEO of Sidus Space. Share The all-composite, redeployable Light Wing™ arrays deliver industry leading power-to-mass performance, contributing to mission assurance and overall efficiency. Atomic-6's solution was selected after a rigorous technical and commercial review to meet the demands of secure, redundant satellite operations in the harsh cislunar environment. Sidus' versatile LizzieSat® platform offers a scalable solution for complex missions beyond low Earth orbit, including future lunar operations. The Company's end-to-end capabilities, from design and integration to launch and operations, are being applied to support Lonestar's phased deployment of resilient cislunar data infrastructure. 'This collaboration marks a key advancement as we evolve LizzieSat® in executing our vision for lunar satellite services,' said Carol Craig, CEO of Sidus Space. 'We're proud to lead a commercial-first initiative that not only delivers data security solutions in cislunar space but also reinforces our LizzieSat® platform's adaptability and utility across deep space operations.' The constellation aims to deliver secure, tamper-resistant data storage, immune to threats such as natural disasters, geopolitical instability, and cyberattacks. The selection of Atomic-6 underscores the importance of high-efficiency power systems in enabling this next-generation architecture. Light Wing™ arrays delivers up to 200 watts per kilogram, four times more power than comparable systems, offering exceptional efficiency and reliability. 'We're excited to welcome Atomic-6 as a trusted partner in this ambitious program,' Craig added. 'Their innovative solar arrays enhance our ability to meet the unique demands of cislunar deployment.' This announcement follows Sidus Space's March 2025 execution of an extended and amended preliminary agreement with Lonestar. As program development accelerates, Sidus remains committed to advancing commercial applications in cislunar space and enabling next-generation services through its adaptable LizzieSat® platform. About Sidus Space Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology provider offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: About Atomic-6 Atomic-6 is leading the materials revolution by designing, engineering and manufacturing the finest composites in the world. The company leverages a proprietary manufacturing process that optimizes fiber-to-resin ratios, significantly reduces porosity, and expedites production cycle times across aerospace, hypersonics, and defense applications. Visit About Lonestar Data Holdings Lonestar Data Holdings is a pioneering data center infrastructure company that offers a groundbreaking approach to data storage and data security. Lonestar provides resilient data storage solutions, that are compliant with data-sovereignty requirements globally, and are designed to protect critical information from cyberattack, natural disasters, and nation-state threats. After making history with the world's first software-defined data operations on the Moon in 2024, the company continues to lead advancements in edge processing and data storage in lunar orbit, while maintaining a strong commitment to sustainability with solar-powered and carbon-neutral operations. 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, 2024, 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.
