Solstar Space

Early Stage

Pioneering the technology to create a 'space wide web'

Overview

Raised to Date: Raised: $1,533,774

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/08/2021

Close Date

03/11/2022

Min. Goal

$50,000

Max. Goal

$3,500,500

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$12,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/31/2022

Days Remaining
Funded
% of Min. Goal

3,068%

% of Max. Goal

44%

Likelihood of Max
Funded
Avg. Daily Raise

$12,470

# of Investors

1,439

Momentum
Funded
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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

Business Type

High Growth

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 03/11/2022 Wefunder $12,000,000 $1,533,774 SAFE Funded 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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Solstar Space Company on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000
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