Solstar Space

WiFi for astronauts (First Internet Service Provider in space)

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Security Type
Debt
Categories
Infrastructure, Technology
Min Investment
$100
Location
Santa Fe, NM
Offering Date
November 02, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$3.50M
No. Investors
1
Security Price
$1
Website
solstarspace.com
Number of Employees
3
Cash
$4,701
Revenue
$0
Short Term Debt
$73,739
Cost of Goods
$0
Long Term Debt
$1,145,850
Net Income
$-227,493

Company Description

We flew our Schmitt Space Communicator SC-1x prototype onboard Blue Origin’s rocket ‘New Shepard’ on April 29th, and again on July 18, 2018. On the rocket's ascent, a Tweet sent via the onboard Solstar WiFi equipment connected to our satellites and became the first commercial Tweet posted from space.

Both times we were able to demonstrate our WiFi hot spot service inside the crew capsule that can be used by WiFi-enabled payloads and payload specialists. We made history, and our Schmitt Space Communicator was accepted into the Smithsonian’s National Air and Space Museum’s collection.  It is tentatively scheduled to be displayed in the new Living in the Space Age exhibit in 2025.

Key Deal Facts

Get in on the ground floor of an exciting commercial space co. that has already had 3 successful spaceflights
Solstar demonstrated the first commercial WiFi hotspot in space and Tweet from space.
Be able to watch future rocket launches with Solstar WiFi on-board, knowing you helped Solstar achieve its goals
Be a part of a company that is building a Space Wide Web that helps humanity become a multi-planetary species
Solstar has a Space Act Agreement with NASA to test internet, voice, and WiFi technologies in space
Founder has 30+ years of experience in the commercial space and satellite industries, including six years at NASA
Solstar has proprietary space communications technology and won an Air Force contract in April 2021
If the stars align as we intend, Solstar and its investors will prosper greatly together

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 satellite and space companies. And I've worked at NASA and KPMG. I will be an honest and wise steward of our investors' money.

Dr. Mark Matossian, Co-Founder, Aerospace Engineer
Senior executive spanning business development, engineering and international operations. Proven success in multiple verticals including synthetic aperture radar (SAR) and optical imaging, telecom, mobile technologies and cloud data centers.

Jon Cunningham, Chief Financial Officer
Jon is a seasoned management/financial consultant with over 27 years of hands-on experience in launching new businesses, diversifying revenue lines and growing overall enterprise value for founders, shareholders and employees within
Amount Raised : $1,532,774
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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