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Security Type
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Equity
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Categories
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Other
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Min Investment
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$200
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Offering Date
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December 20, 2019
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Expected Close Date
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June 29, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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Security Name: Common Stock
$2.06 per share
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Valuation
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$10,200,000
Company Description
Prime Lightworks is making a fully electric spacecraft propulsion system that does not need conventional mass propellant (fuel). We believe our system will provide a revolutionary step forward in space exploration and planetary science, eliminating the need for fuel propulsion systems using renewable solar energy.
Perks
$500+ (Tier 1 perk) | Stickers w/ Company Logo
$1,000 (Tier 2 perk) | T-Shirt w/ Company Logo
$2,500+ (Tier 3 perk) | USB Drive w/ Company Logo
$5,000+ (5% bonus shares) | Name Etched on Prototype
$20,000+ (10% bonus shares) | Visit to HQ in Torrance, CA
*All perks offcur after the offering is completed
Key Deal Facts
$1.8M seed funding raised from Y Combinator and angel investors
Founder & CEO Kyle Flanagan named to Forbes 30 Under 30 Class of 2020 in Science
Patent pending with US and PCT for our proprietary electromagnetic thruster technology
Use of Proceeds
Marketing, Research & Development, Company Employment, Operations, Inventory, Working Capital, StartEngine Platform Fees
Management Team / Advisory Board Bios
Kyle Flanagan
Founder & CEO
Years of Experience: 6 (Previous: SpaceX)
Education: B.A. in Physics, Harvard University (2013)
Forbes 30 Under 30 Class of 2020 in Science
Kyle Flanagan worked as Electromagnetic Interference (EMI) & Survivability Engineer at SpaceX from 2013 to 2015. During that time, his responsibilities included power systems compatibility, grounding bonding shielding, and lightning/welding/ESD control programs for Falcon launch vehicle and Dragon spacecraft. His prior research includes an internship with Harvard University for CERN ATRAP Antihydrogen Research and a fellowship with CalTech for NASA JPL Frequency & Timing Advanced Instrument Development Group. Full-time responsibilities include program management, science and engineering design, and business operations.
Peter Dohm
VP Engineering
Years of Experience: 10 (Previous: SpaceX, Millennium Space Systems)
Education: M.S. (2010) B.S. (2009) in Electrical Engineering, Michigan Technological University
Peter Dohm worked as Avionics RF Systems/Integration Engineer at SpaceX from 2009 to 2012. During that time, he was a responsible engineer for RF systems hardware of Falcon launch vehicle and Dragon spacecraft including Dragon COTS UHF communication unit (CUCU). His recent work includes as Senior RF Engineer at Millennium Space Systems from 2013 to 2016. Full-time responsibilities include design and implementation of RF power electronics, cavity resonator, vacuum chamber, and torsion pendulum.
Deal Notes
Security Name: Common Stock
$2.06 per share
