Sidus Space (NASDAQ: SIDU) will launch hyperspectral and multispectral imaging as well as Edge Artificial Intelligence (AI) incorporated into the company’s LizzieSat satellite via SpaceX Transporter missions starting in 2024.
LizzieSat’s hyperspectral and multispectral imaging capability will be provided by the Owl 1280 and Hawk 1920 HD cameras made by Raptor Photonics. Sidus is building its space-based infrastructure of multi-mission satellites with hyperspectral, multispectral and other sensors to provide monitoring services and solutions to multiple sectors and industries.
Sidus’ sub-5m ground sampling distance (GSD) multispectral SWIR, coupled with sub-10m hyperspectral imagery capabilities provides the Company with a competitive advantage in serving the $55.6 billion smallsat market. Additionally, the Company’s robust ground coverage and Edge AI accelerates the receipt of actionable data sent to the ground by parsing key identifying information before transmission.
Sidus’ satellites are expected to circle the Earth every 95 minutes, with communication gaps less than 10 minutes on each orbit. This gap can be closed completely as additional ground stations are secured. This provides customers with satellite access near-real-time data transmission.
The Company plans to monetize its imagery both through previously negotiated contracts and through its agreement with Skywatch and others to sell imagery on their storefront. This hyperspectral and multispectral capability is also key to the Sidus’ strategy to generate recurring revenue streams from new customers as Sidus builds its LizzieSat constellation.
Sidus plans to launch its first LizzieSat on the SpaceX Transporter mission scheduled for later this year and has contracted with SpaceX to launch on four additional flights, with two currently scheduled for 2024 and two more scheduled for 2025, allowing the Company to establish a regular launch cadence for its customers. The Company plans to begin offering hyperspectral and multispectral imaging from its LizzieSats scheduled for launch on SpaceX’s transporter mission in the first quarter of next year.
“LizzieSat’s hyperspectral and multispectral imaging capability will provide potential data solutions for a variety of market verticals within the estimated $1 trillion space economy anticipated by 2040. Key industries that will benefit and provide markets for this imaging include agriculture, climate change, renewables, mining, and oil and gas. We look forward to further development of our LizzieSat constellation as we seek to develop and provide access to space-based data on-demand for any problem set or business need.”
— Carol Craig, Founder & CEO of Sidus Space