To The Moon

• Sidus Space(SIDU) stock is getting a boost from a launch agreement withSpaceX.
• That covers five launches starting in early 2023.
• This will support the company's plans for a low-orbit satellite constellation.

Source: Blue Planet Studio/Shutterstock

Sidus Space(NASDAQ:SIDU) stock is rising higher on Wednesday after the company announcedan agreement with Elon Musk’sSpaceX.

That agreement has Sidus Space securing five launch agreements with the rocket company. These will start in early 2023 and will take its LizzieSatTM multi-mission low Earth orbit (LEO) satellites into orbit.

Sidus Space already got approval in 2021 to set up a constellation is satellites operating in low earth orbit. The launches will support agreements with NASA and Mission Helios for payload deliveries and space-based data capture.

SpaceX Will Help SIDU Better Serve Customers

Carol Craig, founder and CEO of Sidus Space, said the following about the agreement with SpaceX:

We are excited to partner with SpaceX for safe, reliable launch services for multiple LizzieSatTM satellite deployments into diverse orbits that meet our customer’s needs. We look forward to continuing our journey of ‘Bringing Space Down to Earth’ for a variety of customers, industries, and new use cases.

News of a deal with SpaceX has shares of SIDU stock seeing heavy trading today. As of this writing, more than 26 million shares of the company’s stock have changed hands. That’s quite the leap over its daily average trading volume of about 6.3 million shares.

$Sidus Space Inc.(SIDU)$