Sidus Space (NASDAQ:SIDU) stock is taking off on Thursday as the Space-as-a-Service company continues a rally that sent shares rocketing higher yesterday.
The big news behind the SIDU stock rally is a deal with NASA. Specifically, the company is part of the Collins Aerospace team that was awarded a $3.5 billion contract from NASA. The contract is set to last for 10 years, with Sidus acting as a major subcontractor to Collins Aerospace.
Time to Buy SIDU Stock on this News?
The post Why Is Sidus Space (SIDU) Stock Up Another 50% Today? originally appeared at InvestorPlace.