Aerospace Micro Cap Catches Premarket Bid

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, June 7, 2023

A Florida-based aerospace company is turning heads Wednesday morning after the company announced that it will launch industry leading hyperspectral and multispectral imaging and Edge Artificial Intelligence (AI) in its LizzieSat™ satellite on SpaceX Transporter missions beginning in 2024, according to the release.

Traders were eager to get their hands on shares of Sidus Space Inc. (Nasdaq:SIDU) as shares are currently bid up at $0.2015/share (+8.80% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!

Sidus Space Inc is a Space-as-a-Service company focused on commercial satellite design, manufacture, launch, and data collection with a vision to enable space flight heritage status for new technologies and deliver data and predictive analytics to both domestic and global customers. The company supports Commercial Space, Aerospace, Defense, Underwater Marine and other commercial and government customers. Its services include Multidisciplinary Design Engineering, Precision CNC Machining and Fabrication, Swiss Screw Machining, American Welding Society (AWS) Certified Welding and Fabrication, Electrical and Electronic Assemblies, and Wire Cable harness Fabrication among others.

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