Solstar Space
Pioneering the technology to create a 'space wide web'
Overview
Raised: $1,533,774
Rolling Commitments ($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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Year Founded
2017
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 | 03/11/2022 | 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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