SIDU News

Many blank check targets have been referred to as “moonshots,” and that includes some that are shooting for the actual moon. Space-focused startups, a number of which have gone public via SPAC, have gained more attention in recent weeks after Intuitive Machines (LUNR) became the first company to achieve a successful moon landing. In September 2022,...read more

The IPO market saw an uptick in activity this past week with six IPOs raising $919 million, led by IoT solutions developer Samsara (IOT). 14 SPACs also went public. The pipeline got a boost, with six IPOs and three SPACs submitting initial filings. Samsara (IOT) priced at the high end to raise $805 million at a $12.4 billion market cap....read more

Sidus Space, which provides satellite and space services and defense manufacturing, raised $15 million by offering 3 million shares at $5, the midpoint of the range of $4 to $6. The company is a "space-as-a-service" company focused on commercial satellite design, manufacture, launch, and data collection. The company supports commercial space, aerospace, defense, underwater marine,...read more

Updated Monday, 12/13. The IPO market is expected to stay relatively quiet in the week ahead with four IPOs scheduled to raise $814 million. IoT solutions developer Samsara (IOT) plans to raise $753 million at an $11.6 billion market cap. This "internet-of-things" company provides a cloud-based platform that connects the assets of businesses with...read more