:

Business/Financial

Sidus Space Acquires AI Company Focused On Space Applications

By Cal Biesecker

Tuesday, August 22nd, 2023

SHARE:

Sidus Space Acquires AI Company Focused On Space Applications

Exo-Space's FeatherBox data processing unit. Photo: Sidus Space

Satellite manufacturer, operator, and services provider Sidus Space [SIDU] on Tuesday said it has acquired Exo-Space, which supplies its customers with artificial intelligence capabilities at the edge for on-orbit applications. Sidus said in a filing with the Securities and Exchange Commission that the asset purchase was $468,000 and the sellers also received nearly four million shares of stock in options. Sidus' stock trades on the NASDAQ and closed at 17 cents per share on Tuesday, unchanged from Monday. Sidus, which…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]