Sidus Space Soars 44% After Earnings as LizzieSat-3 Begins Paid Operations
The jump signals investor buy-in for a shift from contract work to a satellite platform that sells data from hosted payloads.
Overview
- Shares of Sidus Space rose about 44% after the company paired its annual results with an update that its LizzieSat-3 satellite is now in revenue service.
- LizzieSat-3 finished full commissioning and is earning recurring fees from maritime ship-tracking data and images captured through HEO USA’s camera, with pointing accuracy under 30 arc seconds.
- LizzieSat-1 has been decommissioned and LizzieSat-2 remains in commissioning in an equatorial orbit that offers longer coverage but fewer daily contact windows, which slows checkout.
- For 2025, revenue fell 28% to $3.38 million and net loss widened to $29.47 million as cost of revenue rose 48% to $9.1 million from new satellite depreciation and higher materials and labor, including a $4.5 million non-cash impairment on LizzieSat-1.
- Sidus ended the year with $43.2 million in cash after a $53.3 million equity raise and no term debt, supporting work under new defense contract vehicles and an expanded $120 million lunar manufacturing agreement.