Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1106

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1106
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 implementing use of replacement materials or new sources of supply or any volatility in
prices could have a material adverse effect on our ability to operate in a cost-effective, timely manner and could cause us to experience
cancellations or delays of scheduled launches, customer cancellations or reductions in our prices and margins, any of which could harm
our business, financial condition and results of operations.

23

Failure
of third-party contractors could adversely affect our business.

We
are dependent on various third-party contractors to develop and provide certain of our components of and processes to our products. Should
we experience complications with any of these components and services, we may need to delay our manufacturing activities or delay or
cancel scheduled launches. We face the risk that any of our contractors may not fulfill their contracts and deliver their products or
services on a timely basis, or at all. We have in the past experienced, and may in the future experience, operational complications with
our contractors. The ability of our contractors to effectively satisfy our requirements could also be impacted by such contractors’
financial difficulty or damage to their operations caused by fire, terrorist attack, natural disaster, or other events. The failure of
any contractors to perform to our expectations could result in shortages of certain manufacturing or operational components for our spacecraft
or delays in spaceflights and harm our business. Our reliance on contractors and inability to fully control any operational difficulties
with our third-party contractors could have a material adverse effect on our business, financial condition, and results of operations.

We
expect to face intense competition in the commercial space market and other industries in which we may operate.

We
face intense competition in the commercial space market and amongst our competitors. Currently, our primary competitors in the commercial
satellite market are Blacksky, Spire, Hawkeye 360, LoftOrbital, IceEye, Muon Space, Redwire, True Anomoly, and Satellogic. In addition,
we are aware of a significant number of entities actively engaged in developing commercial launch capabilities for small and medium sized
satellite payloads, including ABL, Rocketlab, Blue Origin, United Launch Alliance and Firefly, among others. Many of our current and
potential competitors are larger and have substantially greater financial or other resources than we currently have or expect to have
in the future and thus may be better positioned to exploit the market need for small payloads and targeted orbital delivery, which is
the focus of our business. They may also be able to devote greater resources to the development