Orbital Assembly

Orbital Assembly

Growth Stage

A large scale space construction company that is launching the next phase of human exploration of space, artificial gravity, and rapid on-orbit assembly of large structures.

A large scale space construction company that is launching the next phase of human exploration of space, artificial gravity, and rapid on-orbit assembly of large structures.

Overview

Raised to Date: Raised: $143,447

Total Commitments ($USD)

Platform

Netcapital

Start Date

11/22/2022

Close Date

02/20/2023

Min. Goal
$10,000
Max. Goal
$1,099,999
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.10

Pre-Money Valuation

$171,042,967

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2023

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

$1,594

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Alta Loma, California

Business Type

Growth

Orbital Assembly, with a valuation of $171.04 million, is raising funds on NetCapital. It is a leading space development company striving to let humans work, play, and thrive in low-gravity space. The company plans to make Pioneer-class and Voyager-class space stations with gravity-simulating on-orbit habitation environments. Orbital Assembly is tapping into the space tourism market, which is projected to be worth $60 billion per year within a few years. Rhonda Stevenson, Dr. Tom Spilker, and Timothy Alatorre founded Orbital Assembly in August 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.09 million. The campaign proceeds will be used for IP protection, full-scale module mockup of habitation module, mockup assembly and testing staff, lease for integration space, compensation, and general corporate purposes.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,368,394

$-102,529

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$315,432

$14,958

Accounts Receivable

$0

$0

Total Assets

$360,106

$57,658

Short-Term Debt

$0

$0

Long-Term Debt

$0

$158,348

Total Liabilities

$0

$158,348

Financials as of: 11/22/2022
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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 $55,900 Equity - Common Active 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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Orbital Assembly on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $171,042,967
Price per Share: $2.10

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