Princeton Satellite Systems

Early Stage

Fusion Engines for Satellites and Beyond

Overview

Raised to Date: Raised: $55,532

Total Commitments ($USD)

Platform

Spaced Ventures

Start Date

11/25/2022

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$150

Security Type

Convertible Note

Series

Seed

Funding Type

RegCF

Valuation Cap

$12,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

56%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$805

# of Investors

46

Momentum
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Location

Plainsboro, New Jersey

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

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

Most Recent Year Prior Year

Revenue

$562,491

$801,450

COGS

$400,966

$401,166

Tax

$500

$500

 

 

Net Income

$-102,636

$51,191

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$25,344

$66,851

Accounts Receivable

$19,262

$105,145

Total Assets

$202,125

$332,836

Short-Term Debt

$168,392

$196,467

Long-Term Debt

$0

$0

Total Liabilities

$168,392

$196,467

Financials as of: 11/25/2022
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Princeton Satellite Systems on Spaced Ventures 2022
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Platform: Spaced Ventures
Security Type: Convertible Note
Valuation: $12,000,000

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