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Just curious, what are your thoughts on choosing crowdfunding as one of your funding sources? The concept is not very easy to understand compared to other in...","answer":"We are definitely traveling a different path than a typical high tech startup, but we have been encouraged by the response so far. We feel that there is a lot of interest in innovative New Space startups, not just in the U.S. but worldwide, and we'd like to give space enthusiasts an opportunity to participate at the earliest stage. Being a pioneer in using crowdfund investing for New Space also enhances our story as we publicize our company and add investors, customers, and supporters. Thank ..."},{"question":"Truly fascinating. I really like you and your team's backgrounds - very relevant and top notch. I know that this one is high risk/high reward, but I still would like to know: 1. Is it really true that this raise plus 2-3 million dollars in a subsequent round will be enough to ...","answer":"...Answer 1: The biggest single cost is the launch cost. We have been promised a rideshare when a corporate partner launches their satellite in exchange for equity. If this deal does not happen, we would have to spend about $1M on the launch cost. Spaceflight.com publically lists a typical rideshare launch cost of $995K for a 12U cubesat into low Earth orbit. The other major costs are the \"satellite bus\" (structure, solar panels, attitude control, flight computer) and the \"payload\" (telescope..."},{"question":"I am excited to invest in SpaceFab. You obviously have extremely brilliant, innovative minds behind this company. My biggest concern is, who is managing the business aspect of your company, including marketing and sales? How did you make the projections that you will be profit...","answer":"Both of the co-founders have experience starting and running businesses. We have learned what to do and when to do them, as well as what not to do... ...A startup business has certain phases. The earliest phase involves idea generation. The biggest ideas are billion or trillion dollar ideas, but take the most money and time to implement. So we have chosen the idea that will take the least amount of money and time to start with, and will help us reach the gigantic goals. We have also intensive..."},{"question":"This seems to be something really interesting. I am going to invest but i need to understand. 1) Are you guys talking with Venture Capital for Series A Round? With just Crowdfunding, company won't have enough money?? 2) Please elaborate more about Space Manufacturing? I have h...","answer":"...Answer 1: The funds we are raising now through Wefunder will be our \"seed\" round, which we'll use to develop our space telescope design. We want to show a lot of progress in designing and building the satellite before we present to Venture Capital firms and ask for a bigger investment to complete the flight ready model, launch it, and then have the resources to build up revenue. We can do a lot of the spacecraft development with the \"minimum raise\" amount, and showing that we are making pr..."},{"question":"I realize this is a long-term plan and this is just the first step, but about how long do you imagine it will be before you move to the actual asteroid mining phase (if all goes as planned, how long before it's all up and running, actually mining and building useful things in ...","answer":"The space telescope business is our short term plan. We are trying to launch our first satellite, a 12U cubesat, by the end of 2019, a little over two years from now, and get significant revenue a little after that. We then would like to grow the business by launching a constellation of at least a dozen of the 12U satellites, as well as some larger space telescopes. Any profits would be used for our first asteroid mining mission, which will hopefully at least break even... ...It might take te..."}],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-22T20:48:13Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-22T05:02:52Z","as_of":"2026-06-22T20:48:13Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-22T05:02:52Z","as_of":"2026-06-22T20:48:13Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-22T20:48:13Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-22T20:48:13Z","confidence":"medium"}}}}}}