Sidus Space announced its strategic acquisition of Exo-Space, a California-based firm specializing in Edge Artificial Intelligence, or AI, software and hardware for space applications. Pursuant to the terms of the acquisition agreement Sidus has acquired Exo-Space’s assets in a combination of cash, stock options, and performance bonus incentives in alignment with Sidus’ growth into an AI-enabled space services company. Exo-Space brings a current revenue stream of commercial and government contracts extending through 2025, as well as a pipeline of potential clients. The deal is projected to have a positive impact on Sidus’s earnings before interest, taxes, depreciation, and amortization.
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