Sidus Space advances in defense sector with contract award

20 days ago

Bloomberg's Isabel Lee

"Citus space. I thought it was Citus and then I listened to a video and it said Citus when the video was introducing the CEO. So, ticker is SIDU. It's up a tenth of 1%. This is a space and defense technology company. So, there are two developments there. They recently announced plans to offer to sell shares of their common class A common stock in a proposed public offering at 1.30 a share. And last week, the company was named a contract awardee on the missile defense agency's shield IDIQ program."

The speaker discusses Sidus Space (SIDU), noting its upcoming public offering and its recent contract win with the missile defense agency, providing mixed signals as the stock has rallied significantly yet faces dilution risk from the offering.

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