Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 81

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 81
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 further grow the space ecosystem. Our growth
strategy is driven by the following objectives:

Increase
our overall customer base. As an established heritage aerospace firm, we are positioned at the forefront of the ongoing political
and secular shift toward space-based communications and data derived from commercial satellite and intelligence providers. This evolving
landscape presents a significant opportunity to expand our customer base through a combination of direct and indirect sales strategies.
To support this growth, we are actively scaling both our direct sales teams and our global network of indirect sales channels.

35

Expand
within our current customer base. As our satellite design and manufacturing and space-based data offerings grow and deliver results,
we expect that our current customers will increase their spending on our expanded services.

Continue
to penetrate international markets. We have expanded our strategic 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