Sidus Space Looks Toward 2024 Launch
Sidus Space Looks Toward 2024 Launch
Company Achieves Milestone Successes in 2023
Sidus Space concluded 2023 with remarkable achievements, laying the groundwork for an eagerly anticipated launch in Q1 2024.
"2023 was a pivotal year for Sidus Space. We accomplished significant milestones, preparing for the launch of LizzieSat."
Carol Craig, Sidus Space
In preparation for the LizzieSat launch early this year, Sidus Space successfully completed required environmental testing of the spacecraft ahead of its upcoming launch on SpaceX’s Transporter-10 mission planned for March. The company also completed integration testing of command-and-control systems between Sidus Mission Control Center (MCC), Florida, KSAT Earth Stations worldwide, and LizzieSat’s onboard radios and command and control systems, as well as testing of the onboard Artificial Intelligence (AI) computing capability for immediate, high-value data consumption by customers.
"2023 was a pivotal year for Sidus Space. We accomplished significant milestones, preparing for the launch of LizzieSat, a testament to our commitment to advancing satellite data technology. Our achievements included expanding our services, securing new customers, enhancing our technology and completing the required testing for launch on SpaceX Transporter-10. As we look forward to the upcoming launch, our focus for 2024 remains on delivering unique and unparalleled solutions for our customers, testing cutting-edge technologies in space, and aligning our services to the evolving needs of a dynamic space economy," said Carol Craig, CEO and Founder of Sidus Space.
Additionally, Sidus Space awarded multiple new contracts, partnerships and MOUs, serving the needs of low-Earth orbit customers, including CACI, HEO (USA), LuLav, Maris-Tech, NASA Astra, Parsons, and SkyServe; expanded Mission-Critical Hardware Manufacturing with contracts supporting Airbus OneWeb Satellites, NASA Mobile Launcher 2 program, and the US Navy Propulsion Program, and; was chosen as a Mentor/Protégé with L3 Harris.
The company advanced its technology by expanding its capabilities and offerings through the acquisition of Exo-Space, a California-based firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications, and executed an agreement with SkyWatch for the use of its TerraStream platform to manage, monetize and distribute space-based data.
Sidus Space is anticipating strong growth in 2024 with the launch of LizzieSat, which is expected to be a catalyst for high margin revenue growth. Additionally, they are expanding their focus on LEO and Lunar opportunities and partnerships, and expect an increase in annualized revenue from subscription customers with existing and future data customer base. Additional satellite launches with new customers and technologies are also part of their 2024 plans.
"As we bid farewell to 2023, our sights are firmly set on the imminent launch of LizzieSat in 2024. We've successfully achieved critical milestones and secured vital revenue-generating contracts with key customers," Craig said. "The foundation is laid, and our robust customer base eagerly awaits the delivery of our AI-enhanced space data, poised to redefine the landscape for Sidus and the broader industry."