Expansion of LizzieSat Constellation
Sidus Space continued to advance its LizzieSat constellation with new satellites featuring software-defined imagers and increased processing capability, enhancing their ability to serve multiple missions.
Completion of Mobile Launch 2 Contract
Significant advancements were made towards the completion of the Mobile Launch 2 contract, which expanded from approximately $4 million to over $8 million, improving gross margins and revenue visibility.
Successful Capital Raises
The company completed two successful capital raises, securing $15.5 million to be invested in commercializing product lines and expanding the LizzieSat constellation.
Advancements in AI and Edge Processing
Progress in developing the Orlaith AI ecosystem and Fortis DPX computing suite, with products expected to contribute to revenue starting in 2026.