Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 223

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 223
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 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.

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 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