Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 327

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 327
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 focus to include international markets, actively building a pipeline of prospective
partnerships with small, underrepresented governments and global companies that can benefit from our expertise and services. As part
of this initiative, we have signed partnership agreements with companies in Germany, Japan, Bahrain, and India to explore potential joint
venture opportunities.

Grow distribution channels
and channel partner ecosystem. We have strategically invested resources to expand our sales reach by developing robust distribution
channels and forging partnerships with technology providers, solution partners, strategic global system integrators, and value-added
resellers. These collaborations are designed to help us enter and grow in new markets while effectively complementing our direct sales
efforts.

Global Space Industry
Overview

The space economy has experienced
significant growth in recent years, driven by technological advancements in satellites and terrestrial technologies that have enabled
new commercial applications. These applications encompass satellite broadband, remote imaging, Internet-of-Things (IoT)/Machine-to-Machine
(M2M) communications, defense-related uses, and more. Consequently, numerous operators have announced plans for new satellite constellations,
predominantly comprising small Low Earth Orbit (LEO) satellites rather than traditional large Geostationary Orbit (GEO) satellites. This
influx of new entrants across various segments has led to an evolving small satellite value chain, particularly in launch services, downstream
value-added applications, mergers and acquisitions, and consolidation among stakeholders.

The rapid pace of innovation
continues to drive the commercialization of space-based data, analytics, and insights, enhancing their relevance to businesses, governments,
and the public. The demand for space-derived data is growing rapidly, while the cost of accessing space is decreasing. Key trends in
the new space economy include the expansion of satellite constellations, increased availability of space-based data, a shift in user
demand toward analytics and insights, climate change adaptation, global security concerns, and advancements in on-board technologies.

According to a McKinsey
report published in January 2025, the space economy is projected to reach $1.8 trillion by 2035, up from $630 billion in 2023, with an
average annual growth rate of 9%, outpacing global GDP growth. This growth is expected to be driven by satellites, increased government
space budgets, and new applications and industries in space exploration.

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The small satellite market
is also experiencing substantial growth. According to The Business Research Company and a 2025 Global Market Insights report, the global