What's Going On With Sidus Space Today? New Partnership With Lonestar Bodes Well For Stock

Sidus Space, Inc. SIDU shares are rising following the announcement that the company has been selected to design and build the first generation of data storage spacecraft for Lonestar, a provider of premium data storage services.

This partnership designates Sidus as Lonestar’s exclusive satellite manufacturing partner for six spacecraft that will orbit the Moon, providing advanced data storage and disaster recovery capabilities for mission-critical information.

Under the terms of the agreement, Sidus will oversee the design, payload integration, planning, and on-orbit support for each of the six satellites. These spacecraft will be tailored to meet Lonestar’s standards for secure, redundant data storage, positioning the company as a leader in deep space data storage for high-stakes applications.

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Sidus Space CEO Carol Craig highlighted the significance of the award.

“This award by Lonestar demonstrates Sidus’ ability to scale our LizzieSat platform to meet the constellation manufacturing and operational needs of diverse customers,” Craig said.

She further emphasized that Sidus’ flexible satellite design approach makes it an ideal partner for organizations requiring resilient, cost-effective space-based infrastructure.

Lonestar specializes in data storage and Resiliency As A Service (RAAS) solutions, ensuring that clients with mission-critical data needs are equipped with secure and reliable storage options.

The six lunar LizzieSat spacecraft will not only safeguard essential data but also provide a scalable platform for future space-based storage needs.

This partnership marks a major milestone for both companies, as they work together to redefine the future of space-based data storage and disaster recovery solutions.

Price Action: Sidus shares are trading higher by 2.9% to $2.50 at last check Tuesday.

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Image: Courtesy of Sidus Space