Sidus Space Inc (NASDAQ:SIDU) has announced that it has signed an additional agreement to sell the data it expects to collect with its LizzieSat satellites. The delivery of data is expected to begin 30 days after the deployment of LizzieSat, planned following the launch of SpaceX in the first quarter of 2024.
According to Sidus Space CEO Carol Craig, “Data-as-a-Service is expected to provide some of the highest margins of our revenue streams, which also include technology hosting aboard our LizzieSats and mission-critical hardware manufacturing.” Craig added that they anticipate this agreement to be one of many opportunities to sell the data collected by their growing constellation. The company’s sales teams are currently focused on securing additional contracts for its Low Earth Orbit data.
Sidus, through its LizzieSat satellites, will collect data through multiple onboard sensors and receivers, including hyperspectral, multispectral, AIS, optical, and other sensors that will provide data relevant to various industries and sectors.
Sidus Space is a Space and Defense-as-a-Service satellite company that focuses on mission-critical hardware manufacturing, multi-disciplinary engineering services, satellite design, production, launch planning, mission operations, and in-orbit support.