Exos Aerospace

Exos Aerospace

Exos Aerospace, with a valuation of $140.01 million, is raising funds on StartEngine. The company specializes in the development and production of reusable space hardware, including vehicles and tanks. Exos Aerospace is committed to sustainable space innovation and aims to make space technology more accessible and practical. It is one of the only three US companies with an FAA license for reusable rocket launches and is positioned to offer commercial-grade reusable rockets at a cost that is comparable to single-use rockets. John Quinn, Teresa Quinn, and David Mitchell founded Exos Aerospace in February 2015. The current crowdfunding campaign has a minimum target of $14,993.35 and a maximum target of $1.23 million. The campaign proceeds will be used for sales and marketing, research and development, operations, and working capital.

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Investment Overview

Raised this Round: Raised: $31,882

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/28/2024
Close Date
01/22/2025
Min. Goal
$14,993
Max. Goal
$1,234,982
Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.35

Pre-Money Valuation

$140,010,751

Company & Team

Company

Year Founded
2015
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Greenville, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
David Mitchell
Title
President
Founder Name
John Quinn
Title
CEO
Founder Name
Russell Blink
Title
CTO
Founder Name
Phil Eaton
Title
Operations Manager
Founder Name
Neil Milburn
Title
COO
Founder Name
Teresa Quinn
Title
Hiring Manager

Financials

as of Fiscal Year 2023
 Revenue +64% YoY
$308,220
 Monthly Burn
$85,000
 Runway
2.9 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$308,220

$187,838

COGS

$0

$7,965

Tax

$0

$0

 

 

Net Income

$-1,706,671

$-1,922,291

Summary Balance Sheet

FY 2023 FY 2022

Cash

$127,296

$252,248

Accounts Receivable

$220

$0

Total Assets

$10,884,715

$12,067,514

Short-Term Debt

$326,914

$292,067

Long-Term Debt

$1,168,309

$1,169,055

Total Liabilities

$1,495,223

$1,461,122

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,621,580
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/22/2025 StartEngine $140,010,751 $31,882 Equity - Common Active RegCF
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Exos Aerospace on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $140,010,751
Price per Share: $11.35

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