Solstar Space
Pioneering the technology to create a 'space wide web'
Overview
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
Create a free account today to gain access to KingsCrowd analytics.
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
Create a free account today to gain access to KingsCrowd analytics.
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 |
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
