Sidus Space Inc (NASDAQ:SIDU) said it will launch hyperspectral and multispectral imaging and Edge Artificial Intelligence (AI) in its LizzieSat satellite on SpaceX Transporter missions beginning in 2024.
LizzieSat’s industry-leading technology will be provided by the Owl 1280 and Hawk 1920 HD cameras made by Raptor Photonics.
“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,” Carol Craig, founder and CEO of Sidus Space, said in a statement.
“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.”
The company said it has a competitive advantage in the $55.6 billion SmallSat market through its sub-5m ground sampling distance multispectral SWIR, coupled with sub-10m hyperspectral imagery capabilities.
It added that its robust ground coverage and Edge AI accelerate the receipt of actionable data by parsing key identifying information before transmission.
Its satellites are expected to circle the earth every 95 minutes with communication gaps of less than 10 minutes on each orbit. This gap can be closed completely as additional ground stations are secured, the company said.
The company said it plans to monetize its imagery both through previously negotiated contracts and through its agreement with Skywatch and others to sell imagery on their storefront.
Sidus plans to launch its first LizzieSat on the SpaceX Transporter mission 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.
Sidus Space is a Space and Defense-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support.
Contact the author at jon.hopkins@proactiveinvestors.com