Launchspace Technologies Corporation

Early Stage

Protecting Space and the Future $1 Trillion Space Economy

Analytics

Raised to Date: Raised: $8,723

Aggregate Commitments $

Platform

Netcapital

Start Date

09/08/2021

Close Date

11/08/2021

Min. Goal

$10,026

Max. Goal

$1,069,975

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$48,999,970

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

50

% of Min. Goal

87%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$793

Momentum
cool
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Location

Boca Raton, Florida

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Launchspace Technologies Corporation, with a valuation of $48.9 million, is raising funds on NetCapital. The company has developed patented solutions to remove orbital debris that pose scares to satellites, astronauts, and the International Space Station. The sensor satellites of Launchspace detect and track small orbital debris and remove them through orbital debris remediation spacecraft. Launchspace Technologies Corporation has strategic relationships with NASA, the Pentagon, and the Space Force. John H Bauman and Marshall H Kaplan founded Launchspace Technologies Corporation in October 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,975. The campaign proceeds will be used for technology manufacturing and testing, notes repayment, patents and legal fees, NASA Space Act Agreement costs, and other expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$655,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$296,683

$-243,311

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$254

$692

Accounts Receivable

$0

$0

Total Assets

$655,479

$1,217

Short-Term Debt

$612,000

$254,421

Long-Term Debt

$0

$0

Total Liabilities

$612,000

$254,421

Financials as of: 09/08/2021
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