24/7 Market News Snapshot 12 November, 2024 – Sidus Space, Inc. Class A Common Stock (NASDAQ:SIDU)

November 12, 2024

DENVER, Colo., 12 November, 2024 (247marketnews.com) – (NASDAQ:SIDU) are discussed in this article.
Sidus Space, Inc. is witnessing a significant bullish trend in its stock performance, currently priced at $2.887 following an impressive 18.81% increase from the previous closing figure of $2.430. With trading volume reaching 1.18 million shares, investor enthusiasm is evident, suggesting potential momentum for the company. Technical analysis indicates that the stock may continue its upward trajectory, particularly as it has now surpassed key resistance levels. This heightened trading volume compared to prior sessions reinforces the bullish sentiment, prompting investors to keep a close watch on critical support levels for signs of further gains.

Compounding its positive market performance, Sidus Space has secured a notable partnership with Lonestar Data Holdings as their exclusive satellite manufacturing partner. This collaboration will see Sidus design and construct the next generation of Data Storage Spacecraft, aimed at delivering cutting-edge data storage and resilience solutions beyond Earth’s atmosphere. Under this agreement, Sidus is tasked with overseeing the design, payload integration, planning, and on-orbit support for six custom spacecraft set to orbit the Moon. These innovative satellites are designed to meet Lonestar’s specialized operational requirements, bolstering its leadership in deep-space data services.

CEO Carol Craig emphasized that this partnership highlights Sidus’s ability to customize its LizzieSat™ platform for diverse client needs, positioning the company as an attractive partner for mission-critical initiatives. Chris Stott, Founder and CEO of Lonestar, reaffirmed the vision of providing premium data storage and Resiliency As A Service (RAAS) from space. This collaboration not only enhances the operational capabilities of both companies but also reflects Sidus’s commitment to advancing access to space and delivering innovative technological solutions for future missions.

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