Sidus Space, Inc. SIDU shares are trading higher Thursday. The company announced its LizzieSat satellite is securely encapsulated within SpaceX’s payload fairing in preparation for launch on Tuesday.
The Details:
Sidus Space said on Tuesday the satellite is targeted to launch as part of SpaceX’s Transporter-10 Rideshare mission no earlier than March 2024 from Space Launch Complex 4 East at Vandenberg Space Force Base in California.
The primary mission of the LizzieSat satellite is data collection through multiple sensors to support various industries, including agriculture, maritime, and oil and gas. The satellite features Sidus’ onboard FeatherEdge AI solution for near real-time, actionable intelligence processing of imagery and sensor data, offering unique solutions to customers.
Additionally, LizzieSat will support NASA’s Autonomous Satellite Technology for Resilient Application and Mission Helios’ optical NFT collection.
“As we prepare to embark on our mission of Bringing Space Down to Earth with our multi-mission LizzieSat Space Platform with a Purpose, their passion, commitment and tireless efforts made it all possible,” stated Carol Craig, CEO of Sidus Space.
Sidus Space shares are moving on heavy trading volume Thursday. Investors may be expecting a performance similar to that of Intuitive Machines, Inc.‘s LUNR large move following the successful launch of its lunar lander last week.
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How To Buy SIDU Stock:
By now you're likely curious about how to participate in the market for Sidus Space SIDU – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Sidus Space SIDU, which is trading at $7 as of publishing time, $100 would buy you 14.29 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
SIDU Price Action: According to Benzinga Pro, Sidus Space shares are up 55% at $8.63 at the time of publication.
Image: Courtesy of Sidus Space, Inc.
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