Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1100

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1100
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    ability to maintain rights from third parties for intellectual properties critical to our future research and development activities;

    ●
    our
    ability to fund and maintain our future research and development activities, particularly the development of various enhancements
    that increase the data transfer capacity of our satellite; and 

    ●
    the
    impact of the COVID-19 pandemic on us, our customers, suppliers and distributors, and the global economy. 

We
routinely conduct hazardous operations in testing our satellite subsystems, which could result in damage to property or persons. Unsatisfactory
performance or failure of our satellites and related technology at launch or during operation could have a material adverse effect on
our business, financial condition and results of operation.

We
manufacture and operate highly sophisticated products for the commercial space, aerospace and defense industries and conduct activities
that depend on complex technology. Although there have been and will continue to be technological advances in spaceflight, our operations
remain an inherently hazardous and risky activity. Launch failures, explosions and other accidents on launch or during flight have occurred
for others and will likely occur in the future.

While
we have built operational processes to ensure that the design, manufacture, performance and servicing of our products and related technologies
meet rigorous quality standards, there can be no assurance that we will not experience operational or process failures and other problems,
including through manufacturing or design defects, cyber-attacks or other intentional acts, that could result in potential safety risks.
We may experience a total loss of our customers’ payloads and our own payloads if there is an accident or failure at launch or
during the journey into space, which could have a material adverse effect on our results of operations and financial condition. For some
missions, we or our customers can elect to buy launch insurance, which can reduce our monetary losses from any launch failure, but even
in this case we will have losses associated with our inability to test our technology in space and delays with further technology development.
Any insurance we or our customers have may not be adequate to cover our or their loss, respectively.

Any
actual or perceived safety or reliability issues may result in significant reputational harm to our businesses, in addition to tort liability,
maintenance, increased safety infrastructure and other costs that may arise. Such issues could result in delaying or cancelling planned
launches, increased regulation or other systemic consequences. Our inability to meet our safety standards or adverse publicity affecting
our reputation as a result of accidents, mechanical failures, damages to customer property or medical complications could