Sidus Space selects Atomic-6 solar arrays for lunar data center project
Investing.com
Published Jun 23, 2025 08:37AM ET
CAPE CANAVERAL, Fla. - Sidus Space (NASDAQ:SIDU), a space technology company currently valued at $27.3 million, has selected Atomic-6 to supply Light Wing solar arrays for its LizzieSat satellites that will support Lonestar Data Holdings' lunar data center constellation, according to a company press release issued Monday. According to InvestingPro data, analysts anticipate significant sales growth for Sidus Space in the current year, with revenue expected to increase by 140%.
The selection represents the next milestone in Sidus Space's previously announced $120 million preliminary agreement with Lonestar to develop what the companies describe as the world's first lunar data centers. While the company maintains a healthy current ratio of 1.16 and holds more cash than debt on its balance sheet, InvestingPro analysis indicates the company is currently burning through cash rapidly, with negative free cash flow of $21.8 million in the last twelve months.
Atomic-6's Light Wing arrays were chosen after a technical and commercial review process. The solar technology delivers up to 200 watts per kilogram, which the manufacturer claims is four times more powerful than comparable systems.
"This collaboration marks a key advancement as we evolve LizzieSat in executing our vision for lunar satellite services," said Carol Craig, CEO of Sidus Space.
The satellite constellation aims to provide secure data storage that would be protected from threats such as natural disasters, geopolitical instability, and cyberattacks by positioning the infrastructure in cislunar space - the area between Earth and the Moon. Want deeper insights into Sidus Space's financial health and growth potential? InvestingPro subscribers have access to over 13 additional ProTips and comprehensive financial analysis, including detailed Fair Value estimates and expert research reports.
This announcement follows Sidus Space's March 2025 execution of an extended and amended preliminary agreement with Lonestar. The LizzieSat platform is being adapted to operate beyond low Earth orbit to support the lunar operations.
Sidus Space, headquartered on Florida's Space Coast, operates a 35,000-square-foot manufacturing facility focused on space technology integration and satellite manufacturing.
The information in this article is based on a press release statement from Sidus Space.
In other recent news, Sidus Space reported its Q1 2025 financial results, revealing a significant 77% decrease in revenue compared to Q1 2024. The company reported a net loss of $6.4 million, up from $3.8 million the previous year, despite improvements in its cash position, which rose to $11.7 million from $6.2 million. Sidus Space is transitioning from research and development to commercialization, with new product launches such as the Fortis™ VPX computing system, which aims to support various mission domains with AI capabilities. This system is expected to generate recurring revenue through sales and service-based contracts. The company has also launched its third satellite, LizzieSat™-3, marking another step in building a data-generating micro constellation. Additionally, Sidus Space has fully paid off a loan with Decathlon Alpha 4 LP, strengthening its balance sheet. Analysts did not specifically upgrade or downgrade Sidus Space's stock, but the financial results have sparked investor concerns. Despite these challenges, Sidus Space anticipates material revenue growth in the second half of 2025, focusing on expanding its satellite services and securing initial product orders for its VPX systems.
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Written By: Investing.com
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