Look Ma, no SPAC! Sidus chief explains conventional IPO & ITU-registered plans for multi-customer constellation

by Peter B. de Selding

PARIS — In the shadow of several spectacular SPAC-enable stock introductions in the space sector, Sidus Space, the former Craig Technologies Aerospace Solutions, in December completed a standard-issue IPO on the U.S. Nasdaq.

The company issued 3 million new shares priced at $5, raising gross proceeds of $15 million that will go toward Sidus’s planned space-as-a-service constellation of 100-kg, 3D-printed spacecraft for multiple customers and payloads.

Florida-based Sidus filed for a constellation of 100-plus satellites . . .

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