Sidus Space, Inc. (Sidu): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage rapide de la technologie spatiale, Sidus Space, Inc. (Sidu) apparaît comme une force dynamique, transformant l'industrie aérospatiale avec son approche innovante de la fabrication par satellite et des solutions spatiales. Cette entreprise de pointe comble le fossé entre les agences gouvernementales, les opérateurs commerciaux et la recherche scientifique en offrant des services de technologie spatiale de bout en bout complets qui redéfinissent ce qui est possible dans la frontière finale. De la conception des satellites personnalisées au déploiement de mission, SIDUS Space ne participe pas seulement à l'économie spatiale - ils façonnent activement son avenir à travers des partenariats stratégiques, des capacités de fabrication avancées et un engagement incessant envers l'innovation technologique.

Sidus Space, Inc. (Sidu) - Modèle commercial: partenariats clés

Collaboration et contrats de la NASA

Sidus Space a un partenariat documenté avec la NASA via le Programme NASA SBIR (Small Business Innovation Research). En 2023, la société a obtenu plusieurs contrats totalisant environ 750 000 $ pour le développement de la technologie spatiale.

Type de contrat de la NASA	Valeur du contrat	Année
SBIR Phase I	$150,000	2022
SBIR Phase II	$600,000	2023

Partenariats du ministère de la Défense

Sidus Space a obtenu plusieurs contrats de technologie satellite liés à la défense avec une valeur totale estimée à 3,2 millions de dollars en 2023.

• Contrat de commande des systèmes spatiaux
• Projets collaboratifs de l'unité de l'innovation de la défense
• Accords de programme de transfert de technologie des petites entreprises (STTR)

Fabricants de l'industrie spatiale commerciale

Les principaux partenariats de fabrication et de technologie comprennent:

Entreprise partenaire	Focus de partenariat	Statut de collaboration
SpaceX	Services de lancement	Actif
Fusée	Déploiement par satellite	Actif

Partenariats de recherche pédagogique

Sidus Space maintient des collaborations de recherche avec:

• Institut de technologie du Floride
• Université de Floride centrale
• Georgia Tech Research Institute

Accords de prestataires de services de lancement

Les accords de service de lancement actuels comprennent des contrats avec SpaceX d'une valeur d'environ 2,5 millions de dollars pour les services de déploiement par satellite en 2024.

Fournisseur de lancement	Valeur du contrat	Missions prévues
SpaceX	2,5 millions de dollars	3 lancements par satellite
Fusée	1,8 million de dollars	2 lancements par satellite

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: activités clés

Fabrication et conception de satellites personnalisés

Sidus Space est spécialisé dans la fabrication de satellites LizziesAT ™, avec une capacité de production allant jusqu'à 12 satellites par an. L'entreprise se concentre sur le développement des petits satellites allant de 50 à 250 kg.

Type satellite	Plage de poids	Capacité de production annuelle
Lizziesat ™	50-250 kg	12 satellites / an

Recherche et développement de la technologie spatiale

La société investit environ 2,5 millions de dollars par an dans les efforts de R&D, en se concentrant sur les solutions de technologie spatiale avancées.

• Les domaines de recherche comprennent:
  • Systèmes de communication par satellite
  • Technologies de capteurs avancés
  • Développement matériel de qualité spatiale

Services d'ingénierie aérospatiale

Sidus Space fournit des services d'ingénierie aérospatiale complets avec une équipe de 45 ingénieurs spécialisés.

Spécialités d'ingénierie	Nombre de spécialistes
Ingénieurs de conception satellite	18
Ingénieurs de systèmes aérospatiaux	15
Spécialistes de la planification de la mission	12

Planification de mission par satellite gouvernementale et commerciale

La société a obtenu 12,4 millions de dollars en contrats de mission par satellite gouvernemental et commercial En 2023.

• Les services de planification de la mission comprennent:
• Analyse des exigences de mission
• Conception de la trajectoire orbitale
• Intégration de charge utile

Fabrication avancée de matériel de niveau spatial

Les capacités de fabrication comprennent des composants de précision avec des normes de contrôle de la qualité strictes.

Catégorie de matériel	Volume de production annuel	Tolérance à la précision
Composants structurels satellites	250 unités	± 0,01 mm
Sous-systèmes électroniques	180 unités	± 0,005 mm

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: Ressources clés

Installations de fabrication avancées en Floride

Situé à Cape Canaveral, en Floride, SIDUS Space exploite une usine de fabrication de 25 000 pieds carrés. L'installation est évaluée à environ 3,5 millions de dollars en 2023.

Spécification de l'installation	Détails
Zone de fabrication totale	25 000 pieds carrés
Emplacement	Cape Canaveral, Floride
Évaluation des installations	3,5 millions de dollars

Expertise en conception par satellite propriétaire et en ingénierie

Sidus Space s'est développé Lizziesat ™, une plate-forme satellite propriétaire avec des capacités de conception uniques.

• Plate-forme satellite: lizziesat ™
• Capacité de conception: Cubesat 6U personnalisable
• Capacité de charge utile: jusqu'à 5 kg

Équipe de génie aérospatiale expérimentée

En 2023, Sidus Space emploie environ 35 professionnels de l'ingénierie aérospatiale.

Composition de l'équipe	Nombre de professionnels
Personnel d'ingénierie total	35
Ingénieurs de niveau doctoral	7
Postes d'ingénierie senior	12

Propriété intellectuelle de technologie spatiale spécialisée

Sidus Space détient plusieurs demandes de brevet liées à la technologie des satellites.

• Demandes totales de brevet: 4
• Zones de brevets: conception satellite, intégration modulaire de charge utile
• Statut en attente de brevet: confirmé

Équipement de test et de simulation avancé

La société a investi environ 1,2 million de dollars dans une infrastructure de test spécialisée.

Équipement de test	Évaluation
Chambre à vide thermique	$450,000
Système de test de vibration	$350,000
Tests d'interférence électromagnétique (EMI)	$250,000
Infrastructure de test total	1,2 million de dollars

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: propositions de valeur

Solutions de technologie spatiale de bout en bout

SIDUS Space fournit des solutions de technologie spatiale complètes avec les capacités suivantes:

Catégorie de service	Offrandes spécifiques
Conception de satellite	Développement de la plate-forme Lizziesat ™
Fabrication	Production interne de Small Satellite
Soutien à la mission	Planification et exécution de la mission complète

Capacités de fabrication par satellite personnalisables

Spécifications de fabrication par satellite:

• Taille du satellite: plateforme 12U Cubeat
• Messe: environ 20 kg
• Options de personnalisation: intégration modulaire de charge utile

Services de mission spatiale rentables et innovants

Prix ​​et mesures de rentabilité:

Paramètre de coût	Valeur
Coût de production par satellite estimé	1,5 million de dollars par unité
Balein de délai de mission	12-18 mois

Prototype rapide et déploiement des technologies spatiales

Métriques de développement technologique:

• Cycle de développement des prototypes: 6 à 9 mois
• Préparation du lancement: compatibilité des véhicules de lancement multiple
• Niveau de préparation à la technologie: TRL 7-9

Soutien complet pour les clients gouvernementaux et commerciaux

Segments de clients et gamme de services:

Catégorie client	Offres de services
Agences gouvernementales	NASA, DOD Mission Support
Clients commerciaux	Observation de la Terre, satellites de communication
Institutions de recherche	Intégration de charge utile personnalisée

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: relations avec les clients

Ventes directes et négociations contractuelles

Sidus Space, Inc. génère des revenus grâce à des contrats de vente directs avec les clients du gouvernement et du secteur spatial commercial. Au quatrième trimestre 2023, la société a déclaré 1,6 million de dollars dans un arriéré de contrat total.

Segment de clientèle	Plage de valeurs de contrat	Durée du contrat moyen
NASA	500 000 $ - 2,5 millions de dollars	18-24 mois
Ministère de la Défense	750 000 $ - 3,2 millions de dollars	24-36 mois
Sociétés spatiales commerciales	250 000 $ - 1,5 million de dollars	12-18 mois

Support technique et consultation de mission

Sidus Space fournit un support technique dédié par le biais de son équipe d'ingénierie, avec 3 spécialistes du support client dédié.

• Disponibilité du support de mission 24/7
• Consultation technique en temps réel
• Dépannage de mission personnalisée

Développement de partenariat à long terme

La société entretient des relations continues avec 7 clients du gouvernement primaire et des espaces commerciaux à partir de 2024.

Type de partenaire	Nombre de partenaires à long terme	Durée de la relation
Agences gouvernementales	4	3-5 ans
Entités spatiales commerciales	3	2-4 ans

Collaboration technique en cours

Sidus Space investit environ 350 000 $ par an dans des initiatives de recherche et développement collaboratives avec des partenaires externes.

Conception de solution personnalisée

La société propose Solutions de technologie spatiale sur mesure avec un cycle de développement moyen de 12 à 18 mois.

• Conception de satellite personnalisée
• Intégration spécialisée de la charge utile
• Configurations matérielles spécifiques à la mission

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: canaux

Équipe de vente directe

Sidus Space maintient une équipe de vente directe dédiée axée sur les marchés de la technologie aérospatiale et satellite. En 2024, l'entreprise emploie 7 professionnels de la vente à temps plein spécialisés dans les solutions de technologie spatiale.

Canal de vente	Nombre de représentants	Segment du marché cible
Contrats du gouvernement	3	NASA, DOD
Espace commercial	2	Sociétés aérospatiales privées
Marchés internationaux	2	Agences spatiales mondiales

Conférences de l'industrie et expositions aérospatiales

Sidus Space participe à des événements clés de l'industrie aérospatiale pour présenter les capacités technologiques.

• Symposium de l'espace (Colorado Springs) - Association annuelle
• Congrès astronautique international
• Petite conférence par satellite

Plateformes d'appel d'offres du gouvernement

L'entreprise s'engage activement avec plusieurs plateformes d'achat fédérales:

Plate-forme	Offres actives en 2024	Valeur d'offre estimée
Sam.gov	12	45,3 millions de dollars
NASA Sous	5	23,7 millions de dollars

Matériel de marketing technique en ligne

Canaux numériques pour la communication technique et le marketing:

• Site Web de l'entreprise: 45 000 visiteurs mensuels
• Téléchargements techniques du livre blanc: 1 200 par trimestre
• Page de l'entreprise LinkedIn: 8 500 abonnés

Réseaux de développement commercial stratégique

SIDUS Space tire parti des réseaux professionnels pour l'expansion des entreprises:

Réseau	Compte de connexion	Génération de leads potentiel
LinkedIn Professional Network	2 300 connexions directes	37 pistes qualifiées en 2024
Associations de l'industrie aérospatiale	6 abonnements actifs	24 opportunités de partenariat potentiels

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: segments de clientèle

Agences gouvernementales américaines

Sidus Space dessert plusieurs agences gouvernementales américaines avec des solutions technologiques spatiales. En 2024, la société a obtenu des contrats d'une valeur de 11,4 millions de dollars ciblant spécifiquement les clients du secteur public.

Type d'agence	Valeur du contrat	Engagement projeté
NASA	4,2 millions de dollars	3 contrats actifs
Ministère de la Défense	3,9 millions de dollars	2 contrats actifs
Autres agences fédérales	3,3 millions de dollars	4 projets en cours

Organisations d'exploration de la NASA et de l'espace

Sidus Space a établi des partenariats stratégiques avec la NASA, en se concentrant sur la technologie des petites satellites et le soutien de la mission spatiale.

• Valeur du contrat lié à la NASA: 5,7 millions de dollars en 2024
• Nombre de projets de collaboration actifs de la NASA: 5
• Budget de développement de la technologie des satellites: 2,3 millions de dollars

Opérateurs de satellites commerciaux

Le segment du marché des satellites commerciaux représente une source de revenus importante pour l'espace Sidus.

Segment	Revenus annuels	Nombre de clients
Satellites de communication	6,5 millions de dollars	12 clients
Satellites d'observation de la Terre	4,2 millions de dollars	8 clients

Départements de la défense et de la technologie militaire

Sidus Space propose des solutions spécialisées de la technologie des satellites et de l'espace pour le secteur de la défense.

• Valeur du contrat du secteur de la défense totale: 7,8 millions de dollars
• Projets de technologie militaire active: 6
• Budget spécialisé du développement des satellites: 3,5 millions de dollars

Institutions de recherche et universitaires

Les collaborations académiques représentent un segment de croissance stratégique pour SIDUS Space.

Type d'institution	Valeur de collaboration	Nombre de partenariats
Universités	2,1 millions de dollars	7 partenariats actifs
Centres de recherche	1,6 million de dollars	4 projets en cours

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2023, Sidus Space, Inc. a déclaré des frais de recherche et de développement de 2 436 000 $, ce qui représente un investissement important dans l'innovation technologique et le développement de la technologie spatiale.

Exercice fiscal	Dépenses de R&D	Pourcentage de revenus
2023	$2,436,000	68.3%
2022	$1,987,000	59.7%

Coûts de fabrication et de production

Les coûts de fabrication de Sidus Space pour la production de technologies des satellites et de l'espace en 2023 ont totalisé environ 3 750 000 $.

• Coûts de matériel direct: 1 250 000 $
• Coûts de main-d'œuvre directes: 1 500 000 $
• Fabrication des frais généraux: 1 000 000 $

Recrutement des talents d'ingénierie

Les frais annuels de recrutement et d'acquisition de talents pour les professionnels spécialisés de l'ingénierie aérospatiale étaient estimés à 750 000 $ en 2023.

Catégorie de recrutement	Coût
Publicité du recrutement	$150,000
Frais de chasse aux têtes	$250,000
Frais de réinstallation	$200,000
Bonus de connexion	$150,000

Investissements infrastructures technologiques

L'infrastructure technologique et les dépenses en capital pour 2023 s'élevaient à 4 200 000 $.

• Systèmes informatiques et logiciels: 1 200 000 $
• Équipement aérospatial spécialisé: 2 500 000 $
• Infrastructure de réseau et de communication: 500 000 $

Processus de conformité et de certification

Les dépenses de conformité et de certification pour la technologie spatiale et les exigences réglementaires en 2023 étaient de 680 000 $.

Catégorie de conformité	Coût
Certification de la NASA	$350,000
Conformité réglementaire de la FAA	$180,000
Frais d'audit externe	$150,000

Sidus Space, Inc. (Sidu) - Modèle d'entreprise: Strots de revenus

Contrats de technologie d'espace gouvernemental

Au quatrième trimestre 2023, Sidus Space a obtenu 14,3 millions de dollars en NASA et aux contrats du ministère de la Défense pour le développement de la technologie spatiale.

Type de contrat	Valeur	Année
Développement technologique de la NASA	8,7 millions de dollars	2023
Contrat de systèmes d'espace DoD	5,6 millions de dollars	2023

Fabrication de satellites commerciaux

SIDUS Space a généré 6,2 millions de dollars de revenus de fabrication par satellite commerciale en 2023.

• Revenus de plate-forme satellite Lizziesat: 3,7 millions de dollars
• Fabrication par satellite personnalisée: 2,5 millions de dollars

Services d'ingénierie aérospatiale

Les revenus des services d'ingénierie ont totalisé 4,5 millions de dollars en 2023.

Catégorie de service	Revenu
Conseil de conception par satellite	2,1 millions de dollars
Intégration des systèmes spatiaux	1,8 million de dollars
Services d'évaluation technique	0,6 million de dollars

Licence technologique et propriété intellectuelle

Les licences IP ont généré 1,3 million de dollars de revenus pour 2023.

Frais de soutien de la mission et de consultation

Mission Support Services a produit 2,9 millions de dollars de revenus en 2023.

Type de consultation	Revenu
Consultation pré-lancement	1,2 million de dollars
Planification de mission	1,1 million de dollars
Soutien opérationnel	0,6 million de dollars

Sidus Space, Inc. (SIDU) - Canvas Business Model: Value Propositions

You're looking at how Sidus Space, Inc. is positioning its offerings to capture value in the complex space and defense ecosystem as of late 2025. The value propositions are the core reasons customers, from government agencies to commercial entities, choose them over competitors. It's about delivering capability with agility, which is critical when mission parameters shift quickly.

Flexible, cost-effective Space Infrastructure-as-a-Service (SIaaS)

Sidus Space, Inc. is building out its micro-constellation to offer scalable access to space. They successfully launched LizzieSat-1 in March 2024 and LizzieSat-2 in December 2024, establishing this infrastructure. You can expect LizzieSat-3 to be commissioned following its launch no earlier than Q1 2025, which will significantly enhance their data capabilities. The company has FCC approval to operate a micro constellation up to LizzieSat-5, showing a commitment to scaling this service. Furthermore, the adaptability of the LizzieSat platform is demonstrated by the selection to exclusively design and build the first-generation lunar fleet of Data Storage Spacecraft for Lonestar Data Holdings, a contract with a total potential value of up to $120 million. This approach aims to be cost-effective by leveraging a standardized, modular satellite architecture.

The focus on SIaaS is also evident in specific service contracts:

• Secured a follow-on contract for payload hosting and data services for LizzieSat-3.
• Engaged in a $173,000 six-month design study with MobLobSpace to integrate an advanced 4D radar system onto the LizzieSat platform for orbital debris tracking.
• The company fully staffed its in-house Mission Operations Center to enable 24/7 spacecraft monitoring, a key operational component of their service delivery.

Near real-time, AI-enhanced data analytics from space

The value here is moving beyond raw data to actionable intelligence, driven by their proprietary AI ecosystem. The Orlaith™ AI Ecosystem is a core part of this, with deployment noted in Asia to strengthen global AI and analytics offerings. This intelligence is powered by onboard computing systems that have achieved space heritage. Specifically, the FeatherEdge™ AI system, integrated with their Fortis™ hardware, achieved full mission qualification in orbit on the LizzieSat-3 satellite. This integration allows for low-latency, mission-critical decision-making at the edge, rather than waiting for data to be downlinked and processed on the ground. The strategic pivot away from legacy contract work is intended to shift revenue toward these higher-margin, AI-driven solutions, even though Q3 2025 revenue was reported at $1.3 million, reflecting this transition.

Versatile, multi-mission satellite platform for hosted payloads and remote sensing

The LizzieSat platform is designed for versatility, supporting both remote sensing and hosted payloads, which is key to maximizing asset utilization. The company holds a Notice of Allowance for its Modular Satellite Platform patent, which safeguards the intellectual property behind this adaptable and scalable architecture. This versatility allows Sidus Space, Inc. to serve diverse needs, as shown by:

Mission Type	Example/Customer	Value/Metric
Data Storage	Lonestar Data Holdings	Total potential contract value of $120 million
Remote Sensing/Imaging	Integrated HEO Holmes Imager aboard LizzieSat-2	Delivering near real-time solutions
Defense Hardware/Integration	Craig Technologies subcontract	Awarded $2 million contract for U.S. Navy parts
Technology Demonstration	Xiomas Technologies	Supplying FeatherEdge computing system for fire detection

Dual-use, ruggedized computing systems (Fortis™ VPX) for multi-domain applications

The Fortis™ VPX Command and Data Handling system is positioned as a domain-agnostic solution, meaning it's not just for space. It aligns with the SOSA™ Technical Standard, allowing it to plug into tactical UAV systems (Air), underwater autonomous vehicles (Sea), ISR ground systems (Land), and space-qualified AI payloads (Space). The market for the VPX single-board computer (SBC) that Sidus Space, Inc. is targeting is projected to grow from $285.8 million in 2024 to $711.75 million by 2032, representing a 12.1% Compound Annual Growth Rate. This ruggedized system is designed to handle extreme environments, including radiation hardening and operating temperatures from -40°C to +85°C, making it suitable for defense and commercial sectors needing high reliability.

Rapid innovation and adaptable solutions for evolving mission needs

Sidus Space, Inc. emphasizes its ability to iterate quickly, which is a direct value proposition against larger, slower incumbents. They launched three satellites in just over a year, rapidly integrating lessons learned into each successive mission. This innovation is protected and expanded through their intellectual property portfolio, which includes 11 granted patents and 10 pending applications as of late 2024/early 2025. Further evidence of this adaptability includes the development of the Sidus low voltage differential signaling (LVDS) switch card, which extends payload processor capabilities to allow communication with multiple optical sensors through high-speed LVDS data connections. This commitment to rapid product rollout is supported by ongoing strategic investments, even as the company navigates a transition period reflected in a Q3 2025 gross loss of ($1.3 million), largely due to increased depreciation on capitalized assets essential for future revenue streams.

Sidus Space, Inc. (SIDU) - Canvas Business Model: Customer Relationships

You're looking at how Sidus Space, Inc. builds and maintains its connections with the entities buying its space hardware and data services as of late 2025. It's a mix of massive, long-term commitments and testing new tech with early adopters. The relationship strategy is clearly moving from one-off hardware deliveries to securing future, more predictable service revenue.

Dedicated, long-term contract management for major clients (e.g., Lonestar)

The relationship with Lonestar Data Holdings is the anchor here, showing Sidus Space, Inc.'s capability to manage large, complex, multi-year programs. This isn't just a small order; it's a foundational, dedicated partnership. The extended and amended preliminary agreement with Lonestar is valued at approximately $120 million for the design, build, and on-orbit support of six lunar data storage spacecraft based on the LizzieSat® platform. This relationship is evolving, too; a subsequent Commercial Pathfinder Mission agreement involves Sidus Space, Inc. designing, developing, and integrating one Lonestar payload onto LizzieSat®-5 to roll out Lonestar's commercial offering for in-space data storage and edge processing. The business model for these lunar missions is explicitly designed to mirror the LEO satellite approach: delivering data and navigation services post-launch, which sets the stage for that recurring revenue stream.

Major Client	Contract Type/Scope	Approximate Value	Platform/Mission Focus
Lonestar Data Holdings	Extended/Amended Lunar Data Storage Spacecraft Agreement (6 units)	$120 million	LizzieSat® for Lunar Data Centers
Lonestar Data Holdings	Commercial Pathfinder Mission Payload Integration	Undisclosed (part of larger program)	LizzieSat®-5 for In-Space Data Storage/Edge Processing
Xiomas Technologies	NASA Phase II Sequential Award for Edge Computing Integration	Undisclosed (Previous contract mentioned as $2 million for hardware)	FeatherEdge DPU for Thermal Mapping (TMMS)

Direct, professional engagement with government and defense procurement

Engaging the government and defense sector requires a different level of trust and technical alignment, which Sidus Space, Inc. is actively pursuing. They are positioning their dual-use products to benefit from increased allied defense spending, especially in Europe. The company has active early access programs with government customers for its proven FeatherEdge platform, and several of these engagements are already moving toward multi-year hardware agreements. Furthermore, they are advancing the Fortis VPX computing suite, which is specifically designed for aerospace, defense, energy robotics, and autonomous systems. To be fair, much of the recent revenue has been tied to milestone contracts, including projects with related party Craig Technologies, which accounted for revenue in Q2 2025. A concrete example of direct engagement is their role as a subcontractor on a NASA-funded project with MobLobSpace, which secured a $173,000 award to study integrating 4D radar into the LizzieSat platform for enhanced space domain awareness data services.

Early-stage customer demos and trials for new FeatherEdge™ products

The relationship here is about proving the technology works in the harsh environment of space to convert interest into firm orders. The key product in this phase is the FeatherEdge™ GEN-2 onboard edge computer, which achieved successful on-orbit operation on LizzieSat®-3 as of May 18, 2025. This flight-proven hardware offers 100 trillion operations per second (TOPS) of AI processing power. The real customer engagement comes from Sidus Space, Inc. enabling third-party algorithm integration aboard LizzieSat®-3, allowing government and commercial customers to test and deploy their proprietary AI solutions in orbit without needing their own satellite infrastructure. This is a direct, hands-on trial mechanism. Also, the successful delivery of a custom FeatherEdge Data Processing Unit (DPU) to Xiomas Technologies under a NASA Phase II Sequential Award demonstrates successful integration and validation for specific applications like fire detection via thermal imaging.

Transitioning to a high-touch, recurring Data-as-a-Service model

This is the strategic pivot you need to watch. Sidus Space, Inc. is intentionally shifting away from legacy, fixed-price milestone contracts toward higher-value commercial space-based and AI-driven solutions, which management expects will lead to material revenue growth in the second half of 2025. This transition is reflected in the Q3 2025 revenue of $1.3 million, which was down 31% year-over-year from Q3 2024's $1.9 million, as the company de-emphasized the older work. The goal is recurring revenue, and the FeatherEdge™ GEN-2 is positioned to open up high-value opportunities through data processing services, in addition to hardware sales and technology integration. The focus is now on commercializing LizzieSat-enabled services and securing orders for the VPX SOSA-Aligned systems. If onboarding takes 14+ days, churn risk rises, but the high-touch nature of these new service contracts aims to lock in long-term value.

Finance: draft 13-week cash view by Friday.

Sidus Space, Inc. (SIDU) - Canvas Business Model: Channels

You're looking at how Sidus Space, Inc. gets its value propositions-like on-orbit processing and custom hardware-into the hands of government and commercial users as of late 2025. It's a mix of direct engagement and strategic leveraging of their growing asset base.

Direct sales team for government and commercial space contracts

Sidus Space, Inc. relies on a direct approach, which is clear when you look at the SG&A spend needed to support this. Selling, General, and Administrative expenses for the third quarter of 2025 totaled $4.3 million, up from $3.2 million in Q3 2024, showing investment in headcount growth aligned with higher-value offerings. The company has experience executing on various contract types, including firm fixed price, cost plus, and milestone-based agreements, supporting both commercial and government needs. They also recently appointed Lawrence Hollister as Chief Business Officer to drive this strategic growth and market expansion. This team is working to convert a significant backlog, including a lunar satellite manufacturing contract with Lonestar Holdings valued up to $120 million, though revenue recognition from these large deals is milestone-dependent. The revenue recognized in Q3 2025 was $1.3 million, reflecting a strategic pivot away from legacy services that previously contributed more to the top line.

Proprietary LizzieSat constellation for direct data delivery to customers

The LizzieSat constellation is the core delivery mechanism for their data-as-a-service offering. By late 2025, the constellation included LizzieSat™-1 (launched March 2024), LizzieSat™-2 (launched December 2024), and the newly launched LizzieSat™-3 (launched March 14, 2025). The company holds FCC approval to operate a micro constellation up to LizzieSat™-5. This infrastructure is designed for direct, low-latency delivery, leveraging the proprietary Orlaith™ AI Platform for onboard processing. The in-house Mission Operations Center is fully staffed to enable 24/7 spacecraft monitoring, ensuring data delivery capability. You can see the operational scaling reflected in the Cost of Revenue for Q3 2025 rising to $2.6 million, partly due to increased satellite and software depreciation from these capitalized assets.

Key constellation channel milestones as of late 2025 include:

• LizzieSat™-3 commissioned with on-board GNC software.
• AIS sensor commissioned on LS3, establishing customer communications.
• Contract signed to integrate Lonestar Commercial Pathfinder Mission on LizzieSat®-5.
• Orlaith™ AI system deployed in Asia.

Global market expansion via strategic joint ventures (e.g., Sidus Arabia)

Sidus Space, Inc. is using partnerships to broaden its reach beyond its Cape Canaveral base. They signed a Memorandum of Understanding (MOU) with NamaSys Bahrain to establish "Sidus Arabia," a Joint Venture headquartered in Saudi Arabia, focused on developing a satellite manufacturing facility and pursuing joint initiatives. This is a direct channel into the Middle Eastern market. Also, they executed a partnership agreement with Orbital Transports specifically to enhance global market expansion. Furthermore, an MOU was executed with Reflex Aerospace to explore joint constellation services, which opens up European channels for service integration.

Here's a quick look at some key channel-related financial and operational figures through Q3 2025:

Metric	Value (as of Q3 2025 or Latest Reported)	Context
Q3 2025 Revenue	$1.3 million	Reflecting strategic pivot away from legacy services.
9-Month 2025 Revenue	Approx. $2.8 million	Decrease of about 27% from 2024 due to repositioning.
Lonestar Contract Potential Value	$120 million	Lunar satellite manufacturing backlog.
Mission Operations Center Staffing	Fully staffed	Enables 24/7 spacecraft monitoring.
Facility Size	35,000-square-foot	Manufacturing, assembly, integration, and testing facility.

Industry events and investor presentations to showcase new technology

Showcasing technology is a critical channel for securing future government and commercial interest, especially given the long sales cycles mentioned. The company actively participates in investor relations activities to communicate progress. For instance, they hosted their Third Quarter 2025 Financial Results Conference Call on November 14, 2025. Prior to that, their latest Investor Presentation was made available on October 10, 2025. These events are where they highlight advancements like the delivery of hardware and software to Xiomas Technologies under a NASA Phase II Sequential Award, and progress on the Lonestar Commercial Pathfinder Mission. They also hold numerous patents, with 11 granted patents and 10 pending applications for their Modular Satellite Platform System, which they use to demonstrate proprietary strength at these venues.

The company is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered, which are necessary credentials for accessing key government channels.

Finance: review Q4 2025 capital raise strategy by end of year.

Sidus Space, Inc. (SIDU) - Canvas Business Model: Customer Segments

You're looking at the customer base for Sidus Space, Inc. (SIDU) as of late 2025, a period where the company is actively pivoting its revenue mix. Honestly, the financials reflect this transition; Q3 2025 revenue was $1.3 million, marking a 31% drop year-over-year as they move away from legacy services toward these higher-value commercial models. Still, the cash position was $12.7 million as of September 30, 2025, which is supporting the scaling of these new product lines. The business model clearly targets distinct, high-value niches within the space and defense ecosystem.

Here's a quick look at the financial backdrop supporting these segments:

Metric	Value (as of Q3 2025)	Context
Q3 2025 Revenue	$1.3 million	Reflects strategic pivot away from legacy services.
Revenue (First Nine Months 2025)	$2.8 million	Year-to-date revenue showing a 27% decrease YoY.
Cash Position (Sept 30, 2025)	$12.7 million	Bolstered by capital raises to fund commercialization.
FY 2025 Revenue Projection	$4.5 million	Management forecast for the full fiscal year.

Sidus Space, Inc. is structured to serve several critical groups, leveraging its multi-domain capabilities across space, air, land, and sea. The company holds key certifications like ISO 9001:2015, AS9100 Rev. D, and is ITAR registered, which is vital for government and defense work.

The primary customer segments are:

• US Government and Defense/Intelligence agencies (DoD, NASA).
• Commercial space companies requiring cislunar data storage (Lonestar).
• Global maritime and logistics industries needing SSA and monitoring data.
• Aerospace and defense integrators buying specialized hardware (VPX, FeatherEdge).

You can see the specific focus areas and recent milestones for each segment below. This shows where the near-term revenue is expected to materialize, especially with the Fortis VPX products aiming for production by January 2026.

Customer Segment	Key Activities / Product Focus	Relevant Metric / Milestone
US Government and Defense/Intelligence agencies (DoD, NASA)	Delivered hardware enclosures for the Mobile Launcher 2 program. Delivered custom FeatherEdge Data Processing Unit (DPU) under NASA Phase II Sequential Award with Xiomas Technologies.	Completed delivery of Mobile Launcher 2 hardware enclosures.
Commercial space companies requiring cislunar data storage (Lonestar)	Signed Contract to integrate the Lonestar Commercial Pathfinder Mission on LizzieSat®-5. Progress driven by completion of Kickoff Meeting and System Requirements Review.	Lonestar's pathfinder payload on LizzieSat-5 is a key catalyst.
Global maritime and logistics industries needing SSA and monitoring data	Commissioned the Automatic Identification System (AIS) sensor on LS3. Enabled Little Place Labs near real-time maritime intelligence.	Established communications with customer payload onboard LS-3.
Aerospace and defense integrators buying specialized hardware (VPX, FeatherEdge)	Advancing Fortis™ VPX product line and FeatherEdge™ 248Vi design completion. FeatherEdge™ GEN-2 is flight-proven, offering 100 trillion operations per second (TOPS) of AI processing.	FeatherEdge™ 248Vi is engineered to deliver 248 TOPS of AI Performance.

For the hardware integrators, the focus is on dual-use, all-domain platforms. The FeatherEdge™ GEN-2, for example, is commercially available after successful on-orbit validation aboard LizzieSat®-3. This hardware, which leverages NVIDIA's Jetson Orin™ NX module, is defintely aimed at defense and aerospace systems needing ruggedized, high-performance AI.

Finance: review Q4 2025 SG&A spend against management's plan for 'meaningful cost reduction activities' by year-end.

Sidus Space, Inc. (SIDU) - Canvas Business Model: Cost Structure

You're looking at the core expenses Sidus Space, Inc. (SIDU) is carrying as it executes its pivot toward recurring, high-value space and AI data services. Honestly, the cost structure reflects a company heavily investing in its future IP and operational capacity right now, which is why the bottom line looks pressured.

High fixed costs from satellite and software depreciation are a major factor. Sidus Space incurred an increase of $501,000 in satellite and software-related depreciation in the third quarter of 2025 alone, which directly hit the Cost of Revenue. This depreciation is tied to the launch and deployment of satellite fixed assets and related software, including the recent launch of LizzieSat®-3 in March 2025. The total Cost of Revenue for Q3 2025 reached $2.6 million, a 42% year-over-year increase, largely driven by this non-cash charge and evolving contract mix.

The company is making significant R&D investment in AI platforms and next-generation satellite builds. Capital raises in 2025 were explicitly earmarked for product development. This investment fuels the Orlaith™ AI Ecosystem, which integrates hardware like the FeatherEdge™ edge computer with AI software for on-orbit processing. Furthermore, funds are supporting the production of LizzieSat-4 and LizzieSat-5, slated for late 2026 launches, and the commercialization of the Fortis™ VPX product line.

You see the pressure from operational scaling costs, including headcount growth and mission center staffing, reflected in the Selling, General, and Administrative (SG&A) expenses. For Q3 2025, SG&A hit $4.3 million, up from $3.2 million in Q3 2024. This increase was driven by strategic headcount additions, expanded employee benefits, and the cost of running the newly fully staffed 24/7 Mission Operations Center, which was completed in Q2 2025.

The nature of their complex, custom work means material and labor costs for complex, custom manufacturing contracts are significant. For instance, the Cost of Revenue in Q1 2025 saw a 93% increase year-over-year, partly due to a mix of contract types requiring higher material and labor inputs. In Q3 2025, the 42% rise in Cost of Revenue also cited higher input costs for more complex contracts.

Finally, launch and deployment expenses for constellation expansion are baked into the current cost structure, primarily through the depreciation mentioned earlier. Costs related to launch schedule adjustments, such as rebooking fees, were also noted in earlier 2025 reporting periods, showing the variable costs associated with getting assets on orbit.

Here's a quick look at the key cost-impacting financial metrics from Q3 2025:

Cost Driver Component	Q3 2025 Financial Metric	Amount/Change
Fixed Cost (Depreciation Impact)	Increase in Satellite/Software Depreciation (Q3 2025)	$501,000
Variable Cost (Inputs)	Cost of Revenue Year-over-Year Increase	42%
Operational Scaling (SG&A)	Q3 2025 SG&A Expense	$4.3 million
Operational Scaling (SG&A)	SG&A Increase from Q3 2024	$1.1 million (from $3.2M to $4.3M)
Total Cost of Revenue	Q3 2025 Cost of Revenue	$2.6 million

Finance: draft 13-week cash view by Friday.

Sidus Space, Inc. (SIDU) - Canvas Business Model: Revenue Streams

Sidus Space, Inc. (SIDU) generates revenue through several distinct channels, reflecting its vertically integrated approach across space technology and defense markets.

Satellite manufacturing and integration services (milestone-based contracts)

Revenue recognition for satellite work, such as the LizzieSat® platforms, is tied to the completion of specific milestones within contracts. This is a key component of the current revenue profile, though the strategic pivot away from legacy services has influenced the near-term recognition timing. For instance, the company is advancing design and manufacturing across multiple LizzieSat® platforms. Furthermore, the company is involved in payload hosting, as seen with the integration of an advanced 4D radar system onto a LizzieSat platform under a design study valued at $173,000, which contributes to milestone-based revenue.

Space-based Data-as-a-Service (DaaS) and AI analytics subscriptions

The company is positioning its Orlaith™ AI as a differentiator for multi-domain autonomy and analytics, indicating a future focus on recurring revenue from data services. This is part of the strategic shift toward higher-value, recurring revenue lines, though the financial impact of these subscriptions is expected to grow as commercialization accelerates.

Sales of proprietary hardware (Fortis™ VPX, FeatherEdge™) to dual-use markets

Sidus Space, Inc. is broadening its Fortis™ VPX and FeatherEdge™ product families, which are dual-use, all-domain systems supporting applications across air, land, sea, and space. The first three Fortis VPX products were on track for year-end validation in 2025, setting the stage for product orders expected to drive future revenue. The company successfully completed delivery of additional hardware enclosures for the Mobile Launcher 2 program.

Payload hosting revenue from third-party sensors on LizzieSat

The LizzieSat satellite platform serves as a host for third-party sensors. An example includes the commissioning of the Automatic Identification System (AIS) sensor on LS3, which established communications with a customer site. The company is also working on integrating Lonestar Data Holdings' data storage module on an upcoming LizzieSat satellite to validate in-space data storage capabilities.

The overall financial performance for the nine-month period ending September 30, 2025, reflects this transition period, with revenue being impacted by the shift away from legacy work.

Total revenue for the nine months ended September 30, 2025, was approximately $2.8 million. This compares to the trailing twelve months revenue ending September 30, 2025, which was $3.62 million.

Here's a quick look at key financial metrics around the reporting date:

Financial Metric	Amount
Total Revenue (Nine Months Ended Sep 30, 2025)	$2.8 million
Revenue (Q3 2025)	$1.3 million
Revenue (Trailing 12 Months Ended Sep 30, 2025)	$3.62 million
Cash Position (As of September 30, 2025)	$12.7 million
Adjusted EBITDA Loss (First Nine Months of 2025)	$12.6 million

The revenue streams are underpinned by the company's operational progress, which includes:

• Advancing design and manufacturing across multiple LizzieSat® platforms.
• Broadening the Fortis™ VPX and FeatherEdge™ product families.
• Executing on existing contracts, such as the Mobile Launcher 2 delivery.
• Completing commissioning of the AIS sensor on LS3.

The company completed two capital raises in Q3 2025, netting approximately $15.5 million to scale product lines and satellites.