Sidus Space 2021 Earnings Report Shows Lower Revenues & Higher Losses

CAPE CANAVERAL, Fla. (Sidus Space PR) — Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection, today announced financial and corporate results for its fourth quarter and year ended December 31, 2021.

Fourth Quarter 2021 Financial Highlights:

  • Revenue increased to $523,419 for the three-month period ended December 31, 2021, from $268,507 during the same period in 2020, an increase of 95%
  • Loss from operations increased to $1,620,017 for the three-month period ended December 31, 2021 versus $363,472 in the comparable period of 2020.
  • Net loss was $2,426,490 for the three-month period ended December 31, 2021 compared to a net loss of $364,575 during the same period in 2020. The loss was primarily a result of expansion of staff and costs associated with the Company’s initial public offering in December of 2021.
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Satellites Around the Moon Come Another Step Closer

PARIS (ESA PR) — ESA is going to the Moon – in collaboration with its international partners – and seeks to build a lasting lunar link to enable sustainable space exploration.

The agency has now evaluated initial ideas to create a network of lunar telecommunications and navigation satellites.

Creating a commercial telecommunications and navigation service for the Moon will allow many of the dozens of planned lunar missions to share the same infrastructure to communicate with Earth, as well as to find their way on the lunar surface.

The service is needed because the planned missions are becoming regular trips to Earth’s natural satellite rather than one-off expeditions.

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KSAT to Invest in Dedicated Antenna Network for Lunar Missions

Moonlight program (Credit: ESA)

To meet the rapidly increasing demand for lunar comms, KSAT will invest in a purpose- built lunar ground network. The Lunar Team at KSAT has been preparing the service and is currently engaging with antenna providers and selecting optimal locations for the antennas.

TROMSO, Norway, 17 March 2022 (KSAT PR) — Leveraging the unique experience and expertise gained through 50 years of pioneering an integrated approach to the operation of a global ground network, KSAT is now preparing new capabilities to serve the needs of lunar missions.

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AFRL Celebrates Launch of Smallsat Ascent to GEO Space

A United Launch Alliance Atlas V rocket launches on the Department of Defense’s Space Test Program 3 (STP-3) mission from Space Launch Complex 41 at Cape Canaveral Space Force Station, Tuesday, Dec. 7, 2021. The mission’s Space Test Program Satellite-6 (STPSat-6) spacecraft hosts NASA’s Laser Communications Relay Demonstration (LCRD) and the NASA-U.S. Naval Research Laboratory Ultraviolet Spectro-Coronagraph (UVSC) Pathfinder. (Credit: NASA/Joel Kowsky)

KIRTLAND AIR FORCE BASE, N.M. (AFRL PR) — The Air Force Research Laboratory’s Space Vehicles Directorate small satellite named Ascent was launched Dec. 7 from Cape Canaveral, Florida as part of the U.S. Space Force’s Space Test Program-3 mission, aboard a United Launch Alliance Atlas 5 rocket.

Ascent is a 12-unit Cubesat conceived and developed within the directorate’s Small Satellite Portfolio at Kirtland AFB, and in partnership with the Space Security and Defense Program.

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ESA Advances its Plan for Satellites Around the Moon

PARIS (ESA PR) — A bold proposal to create a commercially viable constellation of lunar satellites has taken a step closer.

Two consortia of companies will be supported by ESA to devise detailed definitions of how to provide telecommunications and navigation services for missions to the Moon, under the agency’s Moonlight initiative.

Such a lasting lunar link will enable sustainable space exploration.

ESA is going to the Moon together with its international partners including NASA.

Dozens of international, institutional and commercial teams are sending missions to the Moon that envisage a permanent lunar presence. These will become regular trips to Earth’s natural satellite rather than one-off expeditions

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KSAT, ICEYE Extend Partnership with More Radar Satellite Imagery, Faster Data Analysis

Tromsø, Norway and Helsinki, September 25, 2019 (ICEYE/KSAT PR) – ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, and Kongsberg Satellite Services (KSAT), today announced they have signed an extended cooperation agreement on providing Near Real-Time (NRT) SAR data services for government and commercial customers.  The newly signed contract covers further data purchases and extended operations of ICEYE’s Near Real-Time SAR processor within the KSAT Ground Network, resulting in an extremely fast delivery chain for data and value-added products for customers.

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NanoAvionics, KSAT & Antwerp Space Raise €10 Million for Internet of Things Constellation

VILNIUS, Lithuania (NanoAvionics PR) – NanoAvionics, an international nano-satellite missions integrator, and the consortium partners KSAT (Kongsberg Satellite Services) and Antwerp Space have been awarded EUR 10 million [$11.34 million] funding by the European Commission’s Horizon 2020, ESA’s ARTES and private investors. The funding is for the first demonstration of the pre-cursor stage of the Global Internet of Things (GIoT) nano-satellite constellation with one or more IoT/M2M (machine-to-machine) service providers as pilot customers. The consortium will not enter the IoT/M2M business directly. Instead it will offer a GIoT constellation-as-a-service in a B2B setup to existing and emerging IoT/M2M operators.

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Kleos Space Appoints Ground Station Service Provider

Kleos Scouting mission. (Credit: Kleos Space)

  • Kleos appoints Kongsberg Satellite Service (KSAT) as ground station service provider
  • KSAT is a world leading provider of communication services for spacecraft
  • Appointment marks the next step towards revenue

LUXEMBOURG, 15 May 201 (Kleos Space PR) —  Kleos Space S.A (ASX: KSS, Frankfurt: KS1), space-powered Radio Frequency Reconnaissance data provider, is proud to announce the signing of a ground station service agreement with Norwegian Kongsberg Satellite Services (KSAT). KSAT is a world leading provider of communication services for spacecraft and launch vehicles with an extensive and uniquely located global ground network, providing advanced monitoring services.

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NanoRacks Announces Industry Team Supporting NASA LEO Commercialization Proposal

BREMEN, Germany, October 2, 2018 (NanoRacks PR) — In August 2018, NanoRacks was one of 13 companies selected by NASA to study the future of commercial human spaceflight in low-Earth orbit, including long-range opportunities for the International Space Station.

Today, NanoRacks is pleased to share the expansive industry team that the Company will be working with to complete this study and show the viability of commercial habitats (“Outposts”) in low-Earth orbit and the future of International Space Station commercial utilization.
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Loft Orbital Announces inSpace Mission Partner Program to Standardize Access to Space

A Loft Orbital-owned and -operated microsatellite, flying multiple customer payloads onboard as a service. (Credit: Loft Orbital Solutions Inc.)

SAN FRANCISCO, Aug. 6, 2018 (Loft Orbital Solutions PR) — Loft Orbital Solutions, a provider of Space Infrastructure as a Service, announced this week that it has signed agreements with over 20 companies to join its inSpace Mission Partner Program as inaugural members.

inSpace partners are companies across the space value chain with whom Loft Orbital will collaborate for its end-to-end space mission offering. These partners span Satellite Bus, Launch Services, Ground Segment Services, Payload and Data Analytics. Each partner’s product has been validated for compatibility with Loft Orbital’s technology.

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ICEYE Announces Agreement with KSAT for Maritime and Ice Monitoring Data

HELSINKI, Finland, March 7, 2018 (ICEYE PR) – ICEYE, the leader in synthetic-aperture radar (SAR) technology for microsatellites, today announced an agreement with Kongsberg Satellite Services (KSAT) to purchase SAR satellite tasking and data from ICEYE. The maritime and ice monitoring data will be collected with ICEYE-X1, ICEYE’s first satellite in orbit, which was successfully launched in January.

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