We plan to use the funds raised in this Wefunder campaign "seed" round to complete an engineering model of our space telescope satellite. We will need to raise $2 million dollars or more, in addition to the amount raised in this Wefunder campaign "seed" round, to complete the design, manufacture and test our flight model, and then launch our first space telescope satellite. We plan to raise the additional $2 million by showing considerable progress in designing our satellite and demonstrating market interest in use of the satellite. However, we may not make enough progress to convince a venture capital firm to provide "Series A" funding. If this happens, we may have to sell our technology, sell the company, or close the company, and investors might lose their investment.
It is also possible that our satellite will make it into orbit, but then may not function correctly. We plan to mitigate this risk through extensive testing of our satellite, and having employees or consultants experienced in the manufacturing of satellites review our satellite design, testing, and manufacturing procedures. However, if we do not have sufficient funds remaining, or cannot raise additional funds to build and launch a replacement satellite, we may have to sell our technology, sell the company, or close the company, and investors might lose their investment.