Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1084

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1084
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, 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.

Develop additional business
models and Go-to-Market strategies for space-based data services. Our approach to providing analytics from Space rather than raw data
has created a new business model that allows us to greatly improve margins on the data we collect. Margins improve due to a reduction
in downlink costs and the ability to use the same dataset to provide curated data services to different customers in near real-time. By
leveraging our relationships with trusted partners, we have been able to test out this new business model and enhance our offering to
reach more customers.

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%, outp