Why Sidus Space Shares Are Skyrocketing 50% Higher Wednesday

Sidus Space Inc (NASDAQ:SIDU) shares are trading higher by 49.25% to $3.97 Wednesday morning after the company announced that it has signed a launch agreement with SpaceX for five launches, beginning in early 2023.

What Else?

The launches will support previously announced contracts with NASA and Mission Helios as well as prospective customers that Sidus continues to layer into its pipeline in all areas including payload hosting and capturing space-based data.

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According to data from Benzinga Pro, Sidus Space has a 52-week high of $29.70 and a 52-week low of $1.26.

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