Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Why Sidus Space Shares Are Skyrocketing Today

  • Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company, is now a part of the Collins Aerospace team, which was awarded NASA's Exploration Extravehicular Activity (xEVAS) services contract.
  • Recently, NASA awarded the contract to Collins Aerospace and Axiom Space. Collins Aerospace is a unit of Raytheon Technologies Corp (NYSE:RTX).
  • The xEVAS contract has a potential value of $3.5 billion through 2034 with a 10-year base contract plus two option years.
  • Sidus will be Collins Aerospace's teammate through the program's life cycle as a major subcontractor.
  • Price Action: SIDU shares are trading higher by 119.43% at $3.15 and RTX higher by 1.30% at $92.51 on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.