Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1258

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1258
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or “NOAA”, the Department of Defense, Department of State, NASA, Federal Communications Commission, or the “FCC”
and the International Telecommunications Union, or the “ITU”. License approval includes an interagency review of safety,
operational, national security, and foreign policy and international obligations implications, as well as a review of foreign ownership.
Delays in licensing and approvals allowing us to deploy our commercial satellites could adversely affect our ability to operate our business
and our financial results.

Moreover,
regulation of our industry is still evolving, and new or different laws or regulations could affect our operations, increase direct compliance
costs for us or cause any third-party suppliers or contractors to raise the prices they charge us because of increased compliance costs.
Application of these laws to our business may negatively impact our performance in various ways, limiting the collaborations we may pursue,
further regulating the export and re-export of our products, services, and technology from the United States and abroad, and increasing
our costs and the time necessary to obtain required authorization. The adoption of a multi-layered regulatory approach to any one of
the laws or regulations to which we are or may become subject, particularly where the layers are in conflict, could require alteration
of our manufacturing processes or operational parameters which may adversely impact our business. We may not be in complete compliance
with all such requirements at all times and, even when we believe we are in complete compliance, a regulatory agency may determine that
we are not. The timing of our satellite deployments may depend on the ability of our partners to secure regulatory licenses from the
FAA and the FCC/ITU.

A
component of our near-term strategy involves increasing our launch cadence by accelerating our development and production efforts and
adding additional launch partners. Our ability to achieve this increased launch cadence within the timeframe in which we hope to do so
will depend on the ability of our launch partners to secure the necessary regulatory licenses from the FAA, the FCC/ITU and other regulatory
authorities. If our launch partners fail to obtain the licenses necessary to support our anticipated launch cadence, or any delays or
hurdles that present in our interactions with the FAA, the FCC/ITU or other regulatory authorities, could impact our ability to grow
our business, could delay our ability to execute on our existing and future customer contracts and could adversely affect our business
and results of operations.

We
are subject to stringent U.S. export and import control laws and regulations. Unfavorable changes in these