Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Sidus Space Joins Orbital Transports Program, Aiming For Growth In The Global Space Market

Published 17/04/2024, 15:55
© Reuters.  Sidus Space Joins Orbital Transports Program, Aiming For Growth In The Global Space Market
SITM
-

Benzinga - by Akanksha Bakshi, Benzinga Editor.

Sidus Space, Inc. (NASDAQ:SIDU) revealed its new Orbital Transports Partner Program membership.

This strategic initiative is designed to broaden its global footprint in the space industry.

The Orbital Transports Partner Program forms a collaborative network of various entities, including companies, suppliers, and subcontractors, all focused on addressing the complexities of space missions for client and partner entities.

A key highlight of the program is the Orbital Transports SmallSat Catalog, an online marketplace that aggregates a diverse range of space products and services, offering partner companies expanded access to new markets.

Through this collaboration, Sidus Space will offer technology integration services using its 100kg LizzieSat satellite bus, designed for versatility in single missions or extensive constellation projects, with confirmed launches on the horizon.

Additionally, Sidus Space unveils its FeatherEdge platform, an innovative edge computing solution aimed at boosting intelligent space operations and enabling AI applications directly in orbit.

Price Action: SIDU shares are trading higher by 2.59% at $3.57 premarket on Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.