Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1121

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1121
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 obtained in-orbit insurance coverage for our satellites to address the risk of potential systemic anomalies, failures,
collisions with our satellites or other satellites or debris, or catastrophic events affecting the existing satellite system. If one
or more of our in-orbit satellites or technologies fail, and we have not obtained insurance coverage, we could be required to record
significant impairment charges for the satellite or technology.

We
have not historically obtained and may not maintain launch or in-orbit insurance coverage for our satellites to address the risk of potential
systemic anomalies, failures, collisions with our satellites or other satellites or debris, or catastrophic events affecting the existing
satellite system. If one or more of our in-orbit uninsured satellites or technologies fail, or one or more of our uninsured satellites
is destroyed during failed launch, we could be required to record significant impairment charges for the satellite or technology. We
may review the purchase of launch insurance on a case-by-case basis evaluating the launch history of our launch provider, number of satellites
to be deployed on the launch vehicle, the status of our constellation, our ability to launch additional satellites in the near term,
and the cost of insurance, among other factors. As a result of our case-by-case evaluation process, we have procured launch insurance
for our next four upcoming launches, which policies are subject to the typical terms and conditions regarding, among other things, cancellation
and scope of coverage. We do not maintain third-party liability insurance with respect to our satellites. Accordingly, we currently have
no insurance to cover any third-party damages that may be caused by any of our satellites, including personal and property insurance.
If we experience significant uninsured losses, such events could have a material adverse impact on our business, financial condition
and results of operations.

Natural
disasters, unusual weather conditions, epidemic outbreaks, global health crises, terrorist acts and political events could disrupt our
business and flight schedule.

The
occurrence of one or more natural disasters such as tornadoes, hurricanes, fires, floods and earthquakes, unusual weather conditions,
epidemic outbreaks, terrorist attacks or disruptive political events in certain regions where our facilities are located, or where our
third-party contractors’ and suppliers’ facilities are located, could adversely affect our business, financial condition,
and results of operations. Severe weather, such as rainfall, snowfall, or extreme temperatures, may impact the ability of our satellite
launch and data services to be carried out as planned, resulting in additional expense to reschedule such service, thereby reducing