Solstar Space
Pioneering the technology to create a 'space wide web'
Analytics
Raised: $1,366,248
Aggregate Commitments $
Platform
Wefunder
Start Date
11/08/2021
Close Date
03/12/2022
Min. Goal
$50,000
Max. Goal
$3,500,500
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$12,000,000
Discount Rate
0%
Rolling Commitments $
Status
Active
Reporting Date
12/05/2021
Days Remaining
97
% of Min. Goal
2,733%
% of Max. Goal
39%
Likelihood of Max
Avg. Daily Raise
$50,602
Momentum
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Location
Santa Fe, New Mexico
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Solstar Space Company, with a valuation of $12 million, is raising funds on Wefunder. The company is tapping the market of secure space communication and creating the space wide web. The technology will allow private companies and researchers to communicate with space assets in a modern and convenient manner. Solstar Space Company has a Space Act Agreement with NASA and has already demonstrated the first commercial WiFi hotspot in space. M. Brian Barnett founded Solstar Space Company in 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $3,500,500. The campaign proceeds will be used for product development of the software app, small sat space communicators, and flight communicators.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-227,493 |
$-288,392 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,701 |
$24,269 |
|
Accounts Receivable |
$538,135 |
$0 |
|
Total Assets |
$551,336 |
$24,269 |
|
Short-Term Debt |
$73,739 |
$23,954 |
|
Long-Term Debt |
$1,145,850 |
$441,082 |
|
Total Liabilities |
$1,219,589 |
$465,036 |
Financials as of: 11/08/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Solstar Space | 03/12/2022 | Wefunder | $12,000,000 | $1,366,248 | SAFE | Active | RegCF |
| Solstar Space | 01/14/2021 | Wefunder | $8,000,000 | $1,042,460 | SAFE | Funded | RegCF |
| Solstar Space | 01/12/2019 | Wefunder | $7,500,000 | $338,385 | SAFE | Funded | RegCF |
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