Latest news with #SpaceAccessReimagined
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
25-07-2025
- Business
- Business Wire
Sidus Space Announces Proposed 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 that it intends to offer to sell shares of its Class A common stock (and/or pre-funded warrants ('Pre-Funded Warrants') in lieu thereof) in a best-efforts public offering. All of the shares of Class A common stock (and/or Pre-funded Warrants) are to be sold by the Company. ThinkEquity is acting as sole placement agent for the offering. The Company intends to use the net proceeds from the offering for sales and marketing, operational costs, product development, manufacturing expansion, working capital and general corporate purposes. The securities will be 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 will be made only by means of a written prospectus. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been or will be filed with the SEC on its website at Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. Before investing in this offering, interested parties should read in their entirety the preliminary prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such preliminary prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of 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 preliminary 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
30-04-2025
- Business
- Business Wire
Sidus Space and Saturn Satellite Networks Sign Memorandum of Understanding to Support Development of Next-Generation GEO Satellite Platform
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU) (the 'Company' or 'Sidus'), an innovative, agile space mission enabler, today announced the signing of a Memorandum of Understanding (MOU) with Saturn Satellite Networks, Inc., a pioneering developer of space-based reprogrammable payloads and geostationary (GEO) satellite solutions redefining access to space communications. This agreement outlines a strategic collaboration to support the development and deployment of Saturn's SBN-X platform — a new low-cost, high-performance GEO satellite solution. Under the MOU, Sidus Space will work closely with Saturn to provide critical support across various activities. Saturn intends to award Sidus a scope of work that includes Assembly, Integration, and Testing at Sidus' advanced manufacturing facilities in Cape Canaveral, Florida; acquisition of certain satellite subcomponents; as well as mechanical component engineering and manufacturing services. 'Together, we're positioned to rapidly deliver next-generation satellite solutions, at a significantly lower price point, to meet the rapidly evolving demands of expanding global markets.' said Tom Choi, CEO of Saturn Satellite Networks. Share 'We are excited to collaborate with Saturn Satellite Networks on the groundbreaking SBN-X initiative,' said Carol Craig, CEO of Sidus Space. 'The selection of Sidus as Saturn's partner leverages our proven expertise in spacecraft design, integration, and testing, while aligning with our mission to provide flexible, cost-effective space solutions for commercial and government customers.' The SBN-X platform is designed to provide affordable GEO satellite communications offering a 5kW analogue payload and 100Gbps high-throughput, digital payload system. The collaboration between Sidus and Saturn is expected to broaden market access and expand both companies' capabilities in supporting new and emerging GEO communications needs. 'Our partnership with Sidus Space strengthens the foundation of the SBN-X platform, combining their agile manufacturing capabilities with our vision for transforming GEO communications,' said Tom Choi, CEO of Saturn Satellite Networks. 'Together, we're positioned to rapidly deliver next-generation satellite solutions, at a significantly lower price point, to meet the rapidly evolving demands of expanding global markets.' About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing 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 Saturn Satellite Networks, Inc. Established in 2017 and launched in 2018 Saturn Satellite Networks (SSN) Inc., is a space technology and service developer lead by an experienced team of satellite design, manufacturing, sales, and operations professionals with over 300 years of experience to redefine the approach for creating reliable and affordable satellites at GEO, MEO and LEO. The company initially developed the Nationsat a 2kW GTO platform in 2018 - 2019. Nationsat achieved and passed the PDR based on a contract with an international customer. Saturn then developed the SBN-1, a 10kW 100Gbps HTS satellite using an all-digital, reprogrammable payload provided by CesiumAstro. Given the changing market dynamics of the GEO markets and taking the lessons learned from the earlier programs, SSN has evolved its approach to GEO and NGSO by introducing their newest platforms called SBN-X and Caelsat in 2024 and 2025. The newest systems provide the best-in-class power, cost and a very innovative approach to the launch options ensuring compatibility with established launch systems along with newly emerging mini launchers. We work with world leading third party components into our system to ensure not only lower costs but maximum reliability and advanced technologies. We work with end users, government as well as satellite operators to provide technology and financing solutions to meet their requirements for affordable space. 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
30-04-2025
- Business
- Yahoo
Sidus Space and Saturn Satellite Networks Sign Memorandum of Understanding to Support Development of Next-Generation GEO Satellite Platform
Next Generation GEO Platform Targets Lower Cost, Greater Access for Government and Commercial Markets CAPE CANAVERAL, Fla., April 30, 2025--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU) (the "Company" or "Sidus"), an innovative, agile space mission enabler, today announced the signing of a Memorandum of Understanding (MOU) with Saturn Satellite Networks, Inc., a pioneering developer of space-based reprogrammable payloads and geostationary (GEO) satellite solutions redefining access to space communications. This agreement outlines a strategic collaboration to support the development and deployment of Saturn's SBN-X platform — a new low-cost, high-performance GEO satellite solution. Under the MOU, Sidus Space will work closely with Saturn to provide critical support across various activities. Saturn intends to award Sidus a scope of work that includes Assembly, Integration, and Testing at Sidus' advanced manufacturing facilities in Cape Canaveral, Florida; acquisition of certain satellite subcomponents; as well as mechanical component engineering and manufacturing services. "We are excited to collaborate with Saturn Satellite Networks on the groundbreaking SBN-X initiative," said Carol Craig, CEO of Sidus Space. "The selection of Sidus as Saturn's partner leverages our proven expertise in spacecraft design, integration, and testing, while aligning with our mission to provide flexible, cost-effective space solutions for commercial and government customers." The SBN-X platform is designed to provide affordable GEO satellite communications offering a 5kW analogue payload and 100Gbps high-throughput, digital payload system. The collaboration between Sidus and Saturn is expected to broaden market access and expand both companies' capabilities in supporting new and emerging GEO communications needs. "Our partnership with Sidus Space strengthens the foundation of the SBN-X platform, combining their agile manufacturing capabilities with our vision for transforming GEO communications," said Tom Choi, CEO of Saturn Satellite Networks. "Together, we're positioned to rapidly deliver next-generation satellite solutions, at a significantly lower price point, to meet the rapidly evolving demands of expanding global markets." About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing 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 Saturn Satellite Networks, Inc. Established in 2017 and launched in 2018 Saturn Satellite Networks (SSN) Inc., is a space technology and service developer lead by an experienced team of satellite design, manufacturing, sales, and operations professionals with over 300 years of experience to redefine the approach for creating reliable and affordable satellites at GEO, MEO and LEO. The company initially developed the Nationsat a 2kW GTO platform in 2018 - 2019. Nationsat achieved and passed the PDR based on a contract with an international customer. Saturn then developed the SBN-1, a 10kW 100Gbps HTS satellite using an all-digital, reprogrammable payload provided by CesiumAstro. Given the changing market dynamics of the GEO markets and taking the lessons learned from the earlier programs, SSN has evolved its approach to GEO and NGSO by introducing their newest platforms called SBN-X and Caelsat in 2024 and 2025. The newest systems provide the best-in-class power, cost and a very innovative approach to the launch options ensuring compatibility with established launch systems along with newly emerging mini launchers. We work with world leading third party components into our system to ensure not only lower costs but maximum reliability and advanced technologies. We work with end users, government as well as satellite operators to provide technology and financing solutions to meet their requirements for affordable space. 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. View source version on Contacts Investor Relations investorrelations@ Media Inquiries press@
Yahoo
24-04-2025
- Business
- Yahoo
Sidus Space Announces Notice of Allowance of U.S. Patent Application for Modular Satellite Command and Data Handling System
Patent Advances Scalable, Flexible Satellite Operations for Diverse Mission Needs CAPE CANAVERAL, Fla., April 24, 2025--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU) (the "Company" or "Sidus"), an innovative, agile space mission enabler, today announced the receipt of a Notice of Allowance of U.S. Patent Application Serial No. 17/828,233, titled System for a Modular Satellite Testing Platform. This patent application is directed to the structural elements of the LizzieSat® Satellite, of which, Sidus Space has successfully launched three satellites that are currently in orbit. This patent reflects Sidus Space's continued innovation in satellite technology, enhancing mission flexibility and scalability across government, defense, intelligence and commercial applications. The system introduces a modular approach to satellite command and data processing, allowing operators to configure and reconfigure system components based on specific mission needs. This innovation improves processing efficiency, enhances redundancy, and simplifies the integration of new payloads—key advantages for space missions requiring adaptability and cost-effective operations. "This patent represents a significant milestone in our mission to deliver innovative and adaptable solutions for the space industry," said Carol Craig, CEO of Sidus Space. "This advancement aligns with our commitment to delivering scalable and customizable solutions, from satellites to technology to data, that meet the evolving demands of the space industry and our customers." With a heritage of spaceflight-proven technology and vertically integrated capabilities, Sidus Space delivers end-to-end satellite solutions, from design and manufacturing to launch and on-orbit operations. The company holds a robust intellectual property portfolio, with 13 granted U.S. patents, 1 patent application that has been allowed, but not yet granted, 6 additional pending U.S. patent applications, and 5 patent applications pending in foreign jurisdictions to support international growth of Sidus Space. About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing 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. View source version on Contacts Investor Relations investorrelations@ Media Inquiries press@
