Princeton Satellite Systems

Princeton Satellite Systems

Early Stage

Fusion Engines for Satellites and Beyond

Fusion Engines for Satellites and Beyond


Raised this Round: Raised: $111,376

Total Commitments ($USD)


Spaced Ventures

Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Convertible Note



SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap




Year Founded



Transportation, Automotive, Aviation, & Aerospace

Tech Sector


Distribution Model




Capital Intensity



Plainsboro, New Jersey

Business Type


Princeton Satellite Systems, with a valuation of $12 million, is raising funds on Spaced Ventures. The company has created a fusion reactor that doubles as a fusion rocket for space applications. The product, PFRC, includes fusion propulsion and power in one device to transform deep space missions with increased payload, reduced trip time, and 200 times more available power. Princeton Satellite Systems has received NASA NIAC funding, and three DOE INFUSE awards in 2022. Michael Paluszek founded Princeton Satellite Systems in September 1992. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used to match federal investment and gather critical data for designing the next-gen superconducting machine.

Summary Profit and Loss Statement

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Summary Balance Sheet

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Financials as of: 11/24/2022
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Princeton Satellite Systems on Spaced Ventures 2022
Platform: Spaced Ventures
Security Type: Convertible Note
Valuation: $12,000,000

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