US Stock Market Move | Space concept stocks rose in the early trading session, with most of them going up. Sidus Space (SIDU.US) surged over 21%.

On Wednesday, most of the space concept stocks in the US stock market rose in early trading. Sidus Space (SIDU.US) surged over 21%, AST SpaceMobile (ASTS.US) rose over 6%, and Redwire (RDW.US) rose over 3%. In terms of news, Sidus Space announced that it has become one of the winners of the Missile Defense Agency's (MDA) Indefinite Delivery/Indefinite Quantity (IDIQ) contract for the Layered Homeland Defense (SHIELD) which has a total IDIQ upper limit of $151 billion. This contract covers a wide range of work areas, allowing for the delivery of innovative capabilities to combat personnel at a faster pace and with more flexibility.