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Security Type
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SAFE
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Min Investment
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$15
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Offering Date
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July 07, 2018
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Expected Close Date
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October 05, 2018
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Target Raise
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$50.00K-$535.00K
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Deal Notes
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- Future Equity (SAFE)
- $7.5M valuation cap
- 10% discount
Company Description
Private space companies don't have the billion-dollar infrastructure of NASA. As a result, the commercial space industry lacks a simple space-to-ground communications solution. As an internet service company providing the first-ever commercial Wi-Fi for these companies, we connect space to earth through patent-pending satellite technology. By making cosmic communication easy, we're doing our part to make commercial space travel safer, easier, and more feasible.
Perks
$500+ Get an official limited addition WiFi In Space Mission Patch
$1,000+ Official Glossy Solstar Team photo taken in front of the New Shepard rocket on April 29th, 2018, after the historic WiFi in Space flight.
$2,500+ Official Solstar WiFi in Space T-Shirt
$5,000+ Meet the Solstar Team; Phone call from Solstar CEO to discuss commercial space!
$10,000+ VIP Invitation to view to Solstar’s next WiFi in Space launch (hurry! We're on the next flight!)
$100,000+ "Back Stage Pass" at Solstar's next WiFi in Space launch (hurry! We're on the next flight!)
Key Deal Facts
Provided the first commercial Wi-Fi in history on Jeff Bezos' Blue Origin's New Shepard rocket
Only FCC cleared solution for commercial internet and Wi-Fi in space
In November 2013, we sent the first-ever commercial text message to space.
Signed a Space Act Agreement with NASA to test our internet and wi-fi technologies in space, including developing a preliminary design for a commercial space router for the International Space Station
Founder has 30+ years of experience in the commercial space industry, including decades at NASA
Patent pending on our technology.
We have established business relationships with all the main commercial rocket developers
Through our founder's experience, we have business relationships and C-level contacts with most commercial satellite operators
Use of Proceeds
If we raise: $50,000
- 85% -- Product Development of our software app (charlie app), small sat space communicators, flight communicator, space station router
- 10% -- Fundraising
- 5% -- Wefunder Intermediary Fee
If we raise: $1,070,000
- 65% -- Product Development of our software app (charlie app), small sat space communicators, flight communicator, space station router
- 20% -- Sales and marketing
- 10% -- Fundraising
- 5% -- Wefunder Intermediary Fee
Management Team / Advisory Board Bios
M. Brian Barnett
Founder & CEO
As a serial entrepreneur, I have invested and risked millions of my own money starting, growing, closing, and re-building technology companies. I will be honest/wise steward of our investors' money.
Michael Potter
Co-founder & Chairman of the Board of Advisors
Sr Fellow-International Inst. of Space Commerce, Entrepreneur, Social Enterprise Advisor (part-time)
Mark Matossian
Co-Founder & COO
Sr Fellow-International Inst. of Space Commerce, Entrepreneur, Social Enterprise Advisor (part-time)
Deal Notes
- Future Equity (SAFE)
- $7.5M valuation cap
- 10% discount