Sidus Space LizzieSat™-2 to Launch Saturday, December 21, 2024, on the Bandwagon-2 Rideshare Mission with SpaceX

Rhea-AI Summary

Sidus Space (NASDAQ: SIDU) has announced the launch of its LizzieSat™-2 satellite, scheduled for December 21, 2024, from Vandenberg Space Force Base in California as part of SpaceX's Bandwagon-2 rideshare mission. The next-generation satellite, designed and manufactured at Sidus' Space Coast facility in Florida, features advanced capabilities including AIS, methane detection, visual spectrum sensors, and the HEO Holmes Imager. LizzieSat™-2 incorporates the company's proprietary FeatherEdge™ AI processor for on-orbit data processing, supporting applications in Space Situational Awareness, non-Earth Imaging, maritime monitoring, environmental assessments, and disaster response.

Positive

• Launch of new satellite expanding company's constellation capabilities
• Integration of multiple advanced sensors and proprietary AI processor
• Potential revenue expansion through data-as-a-service solutions
• Diversification of customer base across government, defense, intelligence and commercial sectors

Negative

• None.

Insights

Space Technology Analyst

SpaceX's Bandwagon-2 rideshare mission carrying Sidus Space's LizzieSat™-2 represents another scheduled launch in the increasingly crowded small satellite market. While the satellite incorporates interesting features like methane detection and AI processing capabilities, this is ultimately a future launch announcement that doesn't materially impact current operations or financials.

For context, Sidus Space has a micro-cap valuation of just $43 million and faces intense competition in the satellite data services sector from established players like Planet Labs and Spire Global. The scheduled launch, while important for the company's development, is nearly a year away and execution risks remain high given the company's track record and resources.

The integration of proprietary sensors and third-party payloads suggests a hybrid business model targeting both internal data services and external hosting revenue streams. However, without specific details on customer contracts, revenue projections, or unit economics, this launch announcement provides actionable insight for investors beyond confirming the company's development timeline.

Next-generation satellite to expand Sidus Space’s constellation and deliver critical data solutions

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Liftoff of the Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), an innovative, agile space mission enabler, LizzieSat™-2 is targeted for December 21, 2024 from Vandenberg Space Force Base in California as part of the Bandwagon-2 rideshare mission with SpaceX. Live mission updates will be available on X (formerly Twitter) @SpaceX.

"As LizzieSat™-2 prepares to take flight, we celebrate another significant milestone in our mission to provide innovative and cost-effective space solutions,” said Carol Craig, CEO of Sidus Space. “This launch exemplifies the adaptability of our LizzieSat™ platform, which seamlessly integrates Sidus sensors alongside customer payloads like the HEO Holmes Imager. We are proud to expand our on-orbit presence, further enabling us to deliver near real-time data and insights to our customers.”

LizzieSat™-2, designed and manufactured at Sidus Space’s state-of-the-art facility on Florida’s Space Coast, features an advanced sensor suite, including AIS, methane detection, advanced visual spectrum sensors, and the HEO Holmes Imager. The satellite incorporates Sidus’ proprietary FeatherEdge™ AI processor, enabling on-orbit data processing for applications such as Space Situational Awareness (SSA), non-Earth Imaging, maritime monitoring, environmental assessments and disaster response. LizzieSat™-2 not only hosts proprietary and customer payloads but also expands Sidus’ subscriber base for its data-as-a-service solutions.

This eagerly anticipated launch underscores Sidus Space’s commitment to innovation, adaptability and providing scalable solutions to meet the diverse needs of government, defense, intelligence and commercial sectors.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions, including custom satellite design, payload hosting, mission management, space manufacturing, and AI-enhanced space-based sensor data-as-a-service. With its mission of Space Access Reimagined™, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat™, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: www.sidusspace.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2023, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241220581933/en/

Investor Relations

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Media Inquiries

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Source: Sidus Space

FAQ

When is Sidus Space (SIDU) launching LizzieSat-2?

Sidus Space (SIDU) is launching LizzieSat-2 on December 21, 2024, from Vandenberg Space Force Base in California.

What capabilities does SIDU's LizzieSat-2 satellite have?

LizzieSat-2 features AIS, methane detection, advanced visual spectrum sensors, HEO Holmes Imager, and the proprietary FeatherEdge™ AI processor for on-orbit data processing.

Which launch provider is SIDU using for the LizzieSat-2 mission?

Sidus Space is launching LizzieSat-2 with SpaceX as part of the Bandwagon-2 rideshare mission.

What markets will SIDU's LizzieSat-2 serve?

LizzieSat-2 will serve government, defense, intelligence, and commercial sectors with applications including Space Situational Awareness, maritime monitoring, environmental assessments, and disaster response.