Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1243

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1243
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 2019, we successfully launched EFTP, our on-orbit external experimental facility hosted on the NanoRacks International
Space Station External Platform (NREP). Additionally, in January of 2020, a microsatellite was successfully launched from the ISS using
our SSIKLOPS platform for the STP program office. In March 2024, we launched our first LizzieSat® satellite, in December 2024 we
launched our second LizzieSat® and in March 2025, we launched our third LizzieSat® satellite

There
is no guarantee that our planned commercial launches or subsequent commercial launches thereafter will be successful. While we believe
that our launch partners have built operational processes to ensure that the design, manufacture, performance and servicing of their
launch vehicles meet rigorous performance goals, there can be no assurance that our launch partners will not experience operational
or process failures and other problems during any of our planned launches. Any failures or setbacks could harm our reputation and have
a material adverse effect on our business, financial condition and results of operation.

The
market for commercial satellite manufacturing, launch and data services for LEO, GEO, Cislunar and Lunar satellites is not well established,
is still emerging and may not achieve the growth potential we expect or may grow more slowly than expected.

The
market for in-space infrastructure services, in particular commercial satellite manufacturing, launch and data services for LEO,
GEO, Cislunar and Lunar satellites, has not been well established and is still emerging. Our estimates for the total addressable
launch market and satellite market are based on several internal and third-party estimates, including our contracted revenue, the number
of potential customers who have expressed interest in our satellite launch and data services, assumed prices and production costs for
our services, assumed flight cadence, our ability to leverage our current manufacturing and operational processes and general market
conditions. While we believe our assumptions and the data underlying our estimates are reasonable, these assumptions and estimates may
not be correct and the conditions supporting our assumptions or estimates may change at any time, thereby reducing the predictive accuracy
of these underlying factors. As a result, our estimates of the annual total addressable market for our services, as well as the expected
growth rate for the total addressable market for our services, may prove to be incorrect.

Our
ability to grow our business depends on the successful development of our satellites and related technology, which is subject to many
uncertainties, some of which are