Above Space (previously Orbital Assembly Corporation)
Growth Stage
#SpaceIsForEveryone
Overview
Raised: $33,210
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
10/31/2023
Close Date
12/31/2023
Min. Goal
$11,500
Max. Goal
$3,220,000
Min. Investment
$230
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.30
Pre-Money Valuation
$219,464,512
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
29
% of Min. Goal
289%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$1,038
# of Investors
14
Momentum
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Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Above Space, with a valuation of $219.5 million, is raising funds on Silicon Prairie Online. It is a leading space development company striving to let humans work, play, and thrive in low-gravity space. Above Space has created a working prototype of the DSTAR, an automated truss-building robotic system, and has a five-year umbrella Space Act Agreement with NASA to design space stations and platforms. The company is working on several projects, including a Voyager-class station, Gravity Ring, Prometheus, Archimedes, and the OASIS habitation module, and has two Air Force contracts totaling $1.8 million. Rhonda Stevenson, Dr. Thomas Spilker, Timothy Alatorre, and Rob Miyake founded Above Space in June 2022. The current crowdfunding campaign has a minimum target of $11,500 and a maximum target of $3.22 million. The campaign proceeds will be used for compensation for managers, engineering and design, Prometheus flight hardware, and customer acquisition.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,086,747 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,852 |
$1,705 |
| ||
| ||
|
Net Income |
$-154,954 |
$-1,368,394 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$685,462 |
$315,432 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$842,091 |
$360,106 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/31/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Above Space (previously Orbital Assembly Corporation) | 12/31/2023 | Silicon Prairie Online | $219,464,512 | $33,210 | Equity - Common | Active | RegCF |
| Orbital Assembly (previously Orbital Assembly Corporation) | 07/19/2023 | Silicon Prairie Online | $185,004,460 | $407,025 | Equity - Common | Funded | RegCF |
| Orbital Assembly | 02/21/2023 | Netcapital | $171,042,967 | $143,447 | Equity - Common | Funded | RegCF |
| Orbital Assembly Corporation | 04/29/2022 | Netcapital | $40,246,055 | $1,338,571 | Equity - Common | Funded | RegCF |
| Orbital Assembly Corporation | 04/22/2021 | Netcapital | $22,511,875 | $995,000 | Equity - Common | Funded | RegCF |
| Orbital Assembly Corporation | 02/06/2021 | Netcapital | $23,511,875 | $0 | Equity - Common | Funded | Test the Waters |
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