Orbital Assembly (previously Orbital Assembly Corporation)

Orbital Assembly (previously Orbital Assembly Corporation)

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: $407,025

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

03/23/2023

Close Date

07/18/2023

Min. Goal
$10,000
Max. Goal
$1,333,333
Min. Investment

$225

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$185,004,460

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2023

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

$3,479

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

Orbital Assembly, with a valuation of $186.3 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. 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 $1.3 million. The campaign proceeds will be used for IP protection, mock-up of habitation module, mock-up assembly and testing staff, flight hardware prototype, lease for integration space, and compensation.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,095,557

$-1,368,394

Summary Balance Sheet

FY 2022 FY 2021

Cash

$34,725

$14,958

Accounts Receivable

$0

$0

Total Assets

$146,347

$360,106

Short-Term Debt

$0

$0

Long-Term Debt

$108,161

$158,348

Total Liabilities

$108,161

$158,348

Financials as of: 03/23/2023
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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 $54,980 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 Silicon Prairie Online 2023
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $185,004,460
Price per Share: $2.25

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