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Security Type
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CAFES
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Categories
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Hardware, Infrastructure, Technology, Aerospace, Space, Moonshots, Transportation, Service
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$4.00M
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $165,419
- Revenue
- $5,000
- Short Term Debt
- $70,499
- Cost of Goods
- $3,821
- Long Term Debt
- $1,192,369
- Net Income
- $983,111
Company Description
🥇First dedicated rocket launch service for nanosatellites
📡 Rapidly growing, $69B+ market opportunity for deploying nanosatellites
💰Projected cash flow positive in 4 years, net margin increases to 50% in 7 years (not guaranteed)
🚀First company in the world to launch rockets using non-toxic biofuel
🌊Unique advantage - launching from Maine's coast provides access to desirable polar orbit
🏆Paying Customers are already onboard!
📈 Over $1M raised to date!
Use of Proceeds
$50,000 |
24% Labor Expenses which includes current engineers, production staff, marketing, contractors for PR agent, fund-raising, accounting and legal;
30% Materials & Licensing Costs for production of MAREVL engine, consumables;
42% All Other Operating Expenses such as leases, liability insurance, R&D, training, software systems, utilities, advertising & marketing, etc.
4% towards Wefunder fees
|
$4,000,000 |
38% Labor Expenses which includes engineers, interns, marketing, contractors including production staff, PR agent, accountant, attorney, environmental study professionals, consultants for FAA launch provider licensing;
25% Capital Investments such as launch site launch rail, wharf, road, renewable energy system, communications, and storage building, mission control trailer, additional ground telemetry systems, and manufacturing equipment.
10% Materials & Licensing Costs for production of flight ready MAREVL engine and Starless Rogue beta rockets, consumables,
23% All Other Operating Expenses such as leases, liability insurance, R&D, training, software systems, utilities, advertising & marketing, etc.
4% towards Wefunder fees
|
Key Deal Facts
🥇First dedicated rocket launch service for nanosatellites
📡 Rapidly growing, $69B+ market opportunity for deploying nanosatellites
💰Projected cash flow positive in 4 years, net margin increases to 50% in 7 years (not guaranteed)
🚀First company in the world to launch rockets using non-toxic biofuel
🌊Unique advantage - launching from Maine's coast provides access to desirable polar orbit
🏆Paying Customers are already onboard!
📈 Over $1M raised to date!
Use of Proceeds
$50,000 |
24% Labor Expenses which includes current engineers, production staff, marketing, contractors for PR agent, fund-raising, accounting and legal;
30% Materials & Licensing Costs for production of MAREVL engine, consumables;
42% All Other Operating Expenses such as leases, liability insurance, R&D, training, software systems, utilities, advertising & marketing, etc.
4% towards Wefunder fees
|
$4,000,000 |
38% Labor Expenses which includes engineers, interns, marketing, contractors including production staff, PR agent, accountant, attorney, environmental study professionals, consultants for FAA launch provider licensing;
25% Capital Investments such as launch site launch rail, wharf, road, renewable energy system, communications, and storage building, mission control trailer, additional ground telemetry systems, and manufacturing equipment.
10% Materials & Licensing Costs for production of flight ready MAREVL engine and Starless Rogue beta rockets, consumables,
23% All Other Operating Expenses such as leases, liability insurance, R&D, training, software systems, utilities, advertising & marketing, etc.
4% towards Wefunder fees
|
