Sidus Space Jumps 24% Ahead of Memorial Day, Traders Look to Next Move
Sidus Space shares closed at $5.13 Friday, up 24.2% with volume near 39.35 million, after a first-quarter update showed higher revenue and a narrower net loss. The company raised $58.5 million in April through a direct share offering. Sidus remains unprofitable and cites ongoing risks including cash burn and competition. Markets are closed Monday for Memorial Day.