Sidus Space Signs Extended and Amended Preliminary $120M Agreement with Lonestar for Lunar Data Storage Spacecraft
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), an innovative, agile space mission enabler, announced today the decision to move forward with, and broaden the scope of, a preliminary agreement valued at approximately $120 million with Lonestar Data Holdings. The agreement defines the collaboration between Sidus and Lonestar to design, build and provide on-orbit support for six lunar data storage spacecraft, marking a significant milestone in advancing secure, resilient data solutions beyond Earth.
The lunar spacecraft, based on Sidus’ adaptable LizzieSat® platform, will leverage cutting-edge technology to provide secure, redundant data storage for mission-critical information in deep space. As part of the contract, Sidus will oversee the design, payload integration, launch planning and on-orbit support for the spacecraft. The partnership underscores both companies’ commitment to delivering innovative space technologies that address critical customer challenges.
“This contract represents a pivotal step forward in our partnership with Lonestar, demonstrating our ability to scale the LizzieSat® platform to meet diverse and mission-critical needs, including lunar missions,” said Carol Craig, CEO of Sidus Space. “It also highlights our role as an innovative mission collaborator, delivering cost-effective solutions built on Sidus’ demonstrated space expertise. We are proud to support Lonestar and their mission to provide advanced secure data storage solutions that enable organizations to safeguard vital information beyond Earth’s bounds.”
“Following the success of our recent test flights, this partnership with Sidus Space marks a significant milestone in our journey to revolutionize data storage and disaster recovery in space,” said Chris Stott, Founder and CEO of Lonestar. “Sidus’ proven expertise, innovative approach and scalable satellite solutions are key to achieving our vision of delivering resilient, secure data storage capabilities on the Moon.”