Above Space (previously Orbital Assembly Corporation)

Above Space (previously Orbital Assembly Corporation)

Growth Stage

#SpaceIsForEveryone

Overview

Raised to Date: Raised: $90,630

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

10/30/2023

Close Date

03/31/2024

Min. Goal
$11,500
Max. Goal
$3,220,000
Min. Investment

$230

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.30

Pre-Money Valuation

$219,464,512

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$596

# of Investors

59

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Alta Loma, California

Business Type

Growth

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: 10/30/2023
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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) 03/30/2024 Silicon Prairie Online $219,464,512 $90,630 Equity - Common Funded RegCF
Orbital Assembly (previously Orbital Assembly Corporation) 07/18/2023 Silicon Prairie Online $185,004,460 $407,025 Equity - Common Funded RegCF
Orbital Assembly 02/20/2023 Netcapital $171,042,967 $143,447 Equity - Common Funded RegCF
Orbital Assembly Corporation 04/28/2022 Netcapital $40,246,055 $1,338,571 Equity - Common Funded RegCF
Orbital Assembly Corporation 04/21/2021 Netcapital $22,511,875 $995,000 Equity - Common Funded RegCF
Orbital Assembly Corporation 02/05/2021 Netcapital $23,511,875 $0 Equity - Common Funded Test the Waters
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Above Space on Silicon Prairie Online 2023
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $219,464,512
Price per Share: $2.30

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