Above Space (previously Orbital Assembly Corporation)

Above Space 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 $1.7 million. Rhonda Stevenson, Dr. Thomas R. Spilker, Timothy Alatorre, Robert Miyake, and Dr. Jeffrey B. Greenblatt founded Above Space in June 2022. The current crowdfunding campaign has a minimum target of $10,120 and a maximum target of $4.9 million. The campaign proceeds will be used for compensation for engineering, design, and infrastructure, manufacturing and assembly, operational readiness and testing, launch services, R&D and marketing, IP protection, and contingency.

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Investment Overview

Raised this Round: Raised: $37,536

Deal Terms

Total Commitments ($USD)

Platform
Silicon Prairie Online
Start Date
11/05/2024
Close Date
10/28/2025
Min. Goal
$10,120
Max. Goal
$4,899,000
Min. Investment

$184

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.46

Pre-Money Valuation

$156,264,073

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Alta Loma, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Tom Spilker
Title
CTO
Founder Name
Robert Miyake
Title
Senior Systems Thermal Engineer
Founder Name
Tim Alatorre
Title
COO
Founder Name
Jeff Greenblatt
Title
VP of Science and Research

Financials

as of June 29, 2024
 Revenue -17.2% YoY
$824,822
 Monthly Burn
$68,541
 Runway
2.6 months
Gross Margin
96%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$824,822

$996,031

COGS

$30,910

$2,701

Tax

$530

$1,073

 

 

Net Income

$-822,491

$-210,280

Summary Balance Sheet

FY 2023 FY 2022

Cash

$180,216

$687,662

Accounts Receivable

$2,000

$0

Total Assets

$271,756

$724,856

Short-Term Debt

$0

$0

Long-Term Debt

$67,333

$63,089

Total Liabilities

$67,333

$63,089

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,258,957
Grants
$1,800,000
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Above Space (previously Orbital Assembly Corporation) 10/28/2025 Silicon Prairie Online $156,264,073 $37,536 Equity - Common Active RegCF
Above Space (previously Orbital Assembly Corporation) 03/31/2024 Silicon Prairie Online $219,464,512 $90,630 Equity - Common Funded 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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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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Above Space on Silicon Prairie Online 2024
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $156,264,073
Price per Share: $0.46

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