Providing More Space in Space™️

Class B Common Stock

Raised to Date

$283,964

74 Investors Onboard 🚀

Min goal
10,120Stretch Goal
300,000

Invest Now

Accredited Investors

ID:

AS-CF-2024

Exemption:

REG-CF

Issue Type:

Equity

Class-B Common stock

Accredited Only:

Financials:

Audited

Audited By:

SM CPAs, PC

Price per Share:

$0.46

Minimum Investment:

$184

Requested Investment:

$920

Investment Increments:

$184

Minimum Goal:

$10,120

Stretch Goal:

$300,000

Maximum Goal:

$4,899,000

Raise Start Date:

November 4th, 2024

Raise Target Date:

March 31st, 2025

Raise End Date:

October 28th, 2025

ABOVE Space - Form C.pdf

ABOVE Space - Audited Financials - Jun 30 2024 and 2023.pdf

ABOVE Space - Class B Common - Subscription Agmt - form of.pdf

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Catalyzing Space Technology Development

Above Space Development Corporation, “ABOVE,” is an early-stage space technology company.

ABOVE aims to build space platform hardware by leveraging proven space flight Commercial Off-the-Shelf (“COTS’) products and the combined 50+ years of experienced space flight innovation heritage and problem-solving expertise of our team. ABOVE is founded by seasoned space flight alumni, scientists, and experienced business professionals with the mission to build the next generation of space platform systems. Individual team members boast over 30 combined successful space flight missions, and we have the proven expertise to “provide more space in Space.”

In 2023, NASA Marshall Space Flight Center (MSFC) signed a coveted Umbrella Space Act Agreement (SAA) with ABOVE, providing non-public access to a broad range of NASA data, programs, and services. ABOVE successfully executed a mission to the International Space Station (ISS) in March 2024 and is returning to the ISS with manifested missions in November 2024 and March 2025. In 2023, the US Air Force’s Space-Based Infrared Radar Reflector, SSPIDR - an Advanced Component Development & Prototypes (ACD&P) is a Budget Activity 4 (BA-4) within the DoD's RDT&E structure for space hardware architecture awarded us a $1.7 million contract. ABOVE has broken robotic truss assembly records and is primed for our debut Prometheus Spark(™) mission planned for Q2 2025.

Our Vision: We aim to demystify and accelerate space infrastructure development by making it a viable and cost-effective reality for businesses of all sizes. Our Prototype to Product Fast-Track™ (P2P) technology development takes prototype materials and hardware from proof-of-product to applicable use cases in a single mission.

We are the Technology On-ramp to MIL-Space and Commercial Space.

Our Prototype to Product Fast Track Program (P2P) began with our missions to the International Space Station (ISS), facilitating near-term access to customers needing to test materials on-orbit, and it accelerates with our Prometheus Spark™ mission planned for 2025. We are working to address the demands of bottle-necked companies and defense agencies under pressure to get their materials and hardware space rated to TRL-9. We directly participate in elements of our customers' mission life-cycle by providing experienced consulting, integrating customer payloads, and accommodating versatile payload configurations on our Prometheus missions.

The Department of Defense (DoD) is under pressure to address the escalating on-orbit threats from our adversaries, updating their acquisition and funding strategies to meet the demands for rapid response initiatives for space domain security. ABOVE’s Prometheus program provides an efficient de-risking solution for space development. The video above ABOVE’s Prometheus program and other innovations.

Program Roadmap — Conceptual renders of Above's Prometheus, Station-In-A-Box, and Pioneer platforms.

Accelerating Market Opportunities for ABOVE

China and Russia are rapidly advancing their counter-space capabilities on orbit. These escalating threats have intensified the efforts of the U.S. Department of Defense to expand its space infrastructure to gain technological and strategic superiority. In response to the need for rapid access to more automated space platforms, the DoD has revised its acquisition strategies and increased funding, specifically allocating $2.3 billion in fiscal year 2024 for developing proliferated, resilient space architectures. MIL-Space increasingly relies on smaller, innovative companies that can provide the agility and speed required to respond to evolving threats. This shift toward leveraging emerging commercial innovations aims to build a more robust and responsive space infrastructure capable of ensuring the strategic high ground in cislunar space. (World Economic Forum, 2024, McKinsey & Company, 2024). Facilitating these DoD objectives is a cornerstone of ABOVE’s mission.

The decommissioning of the International Space Station (ISS) in 2030 aggravates an already strained bottleneck in space access, as the demand for on-orbit testing and development currently far exceeds available capacity, with up to a three-year wait from proposal to implementation. The ISS is heavily booked with a backlog of research and testing projects, limiting opportunities for commercial and defense sectors to utilize micro-gravity environments for essential experiments. This scarcity in space infrastructure restricts technological innovation, threatens national security, and hinders economic growth, especially as global competitors expand their space capabilities. Without prompt and effective replacements for the ISS, the lack of infrastructure will escalate, leading to higher costs and longer delays for critical space missions across various industries (NASA, 2024, KDC Resource, 2024). Overcoming these ISS bottlenecks is a cornerstone of ABOVE’s mission.

Companies across several industries are facing significant financial losses due to the current limitations in space infrastructure. Sectors such as pharmaceuticals, advanced manufacturing, and materials science collectively lose approximately $1.3 billion annually because of space-based research and development delays, where access to unique micro-gravity conditions is essential for innovation (McKinsey & Company, 2024). This issue is further exacerbated by the bottleneck created by the impending decommissioning of the International Space Station (ISS) in 2030, leaving a significant gap in available platforms for on-orbit testing and validation of space hardware. As cited above, this bottleneck restricts commercial and defense sectors from advancing critical technologies, hindering economic growth and national security. As the global space economy is projected to grow to $1.8 trillion TAM by 2035 (World Economic Forum, 2024), driven by increasing demand for scalable satellite platforms and automated systems, there is a clear necessity for new, rapidly deployable solutions to meet the growing market needs and mitigate these operational risks (McKinsey & Company, 2024; DealHub; RAND). Providing alternative platforms and systems to facilitate and accelerate industrial development in space is a cornerstone of ABOVE’s mission.

Near Market-Ready Solutions

ABOVE's Prometheus and Archimedes programs are designed to be instrumental in advancing military and commercial space capabilities, offering immediate solutions. Prometheus is strategically designed as the technology on-ramp for Mil-space, leveraging our P2P Fast Track by providing versatile satellite platforms for on-orbit testing, hardware validation, and hosted payload services to expedite technology development and deployment. These capabilities directly align with the DoD’s recent shifts in acquisition strategy, prioritizing speed, flexibility, and innovation from smaller, agile companies. By enabling rapid progression from research and development to TRL validation and commercialization, Prometheus will be a key program for emerging technology companies to meet near-term defense requisitions and secure critical programs of record. (DoD acquisition report, Space Force's acquisition strategy).

ABOVE’s planned Prometheus Spark mission will serve as the critical validation platform for new technologies and systems. Prometheus Spark's successful integration of flight systems, regulatory compliance, effective launch management, and post-deployment operations provide a tested foundation for the Archimedes Program. This includes validated avionics, command & control software, and payload operations—all crucial for future Archimedes missions. By leveraging Spark’s capabilities, ABOVE will simultaneously mitifate Archimedes' risks and accelerates its readiness, ensuring it can confidently meet defense and commercial demands.

The Archimedes Program is a pivotal initiative within ABOVE's portfolio, designed to serve both the Department of Defense (DoD) and commercial sectors as a versatile, rapidly deployable orbital platform. Under the DoD’s Space-Based Infrared Radar Reflector (SSPIDR) initiative, Archimedes is being developed to support critical defense needs by enabling advanced radar, communications, and energy systems in space. Its designed ability to host power-beaming, high-frequency phased arrays, and tactical energy applications makes it a poised to be strategic asset in military space operations. Concurrently, Archimedes is engineered to address the urgent demand for automated platforms in Low Earth Orbit (LEO) as the International Space Station (ISS) approaches decommissioning, Archimedes is designed to offer the infrastructure necessary for commercial enterprises to transition from R&D to full-scale production. By facilitating continuous on-orbit operations, Archimedes will play a crucial role in advancing both national security and the commercialization of space, ensuring readiness and technological advancement in this vital domain (CSIS) (SpaceNews) (RAND Analysis).

As validation of its importance, Archimedes is advancing toward securing a DoD Tactical Funding Increase (TACFI) to further its development. TACFIs offer non-dilutive, matching capital funds. For every dollar raised in this round, the DoD's Space Test Program office can match those funds up to $3.8 million. In July 2024, ABOVE secured a verbal commitment from the Technical Director of Space Systems Command's DoD Space Test Program, for necessary signatures for ABOVE's upcoming TACFI submission under AFWERX's PY25.2 Notice of Opportunity, scheduled for spring 2025. This commitment underscores the strategic importance of the Archimedes platform and the confidence the DoD has in its potential to advance national security and commercial space operations.

"Our Prometheus program, featuring satellites as micro-facilities, addresses the urgent need for rapid, cost-effective systems validation in space. By providing these versatile platforms, we enable unprecedented opportunity in technology maturation and de-risking, which is critical for the accelerated development and deployment of space-based capabilities."

- Tom Spilker, PhD, Chief Technical Officer

ABOVE’s Key Objectives and Mission Milestones

Since its inception, ABOVE has raised over $3 million through investments and secured over $1.7 million from contracts with the US Air Force. Our strategic business relationships with NASA’s Marshall Space Flight Center, Aegis Aerospace, and other key industry players enhance our ability to innovate and scale. Our Prometheus Spark™ mission is the next incremental step in scaling to larger platforms. This mission continues our P2P Fast Track program, offering a rapid, affordable platform for hardware validation and hosted payloads in space. With a two-year objective, our next key milestones include:

Prometheus Spark™ launch: Expansion of our military and commercial customer base through executing a successful orbital flight with Prometheus Spark, hosting on-orbit technology testing and validation, and hosting passive and dynamic payloads for customer revenue. Anticipated 2025 launch.
Step 2.0 IDIQ Compliance: Prometheus Spark's ability to meet and exceed the 365-day on-orbit presence requirement under the Step 2.0 IDIQ with the Office of Space Test Program (STP) will mark a significant achievement for ABOVE. This will benchmark our capability to support extended-duration missions and meet the requirements for partnering with the DoD, paving the way for future contracts. (Expert Market Research) (Mordor Intelligence) (IMARC) (CSIS) (SpaceNews).
Advanced Technology Integration for Archimedes on Prometheus Spark: Prometheus Spark serves as a crucial validation platform for the Archimedes program for key flight system components. This includes validating launch operations, command and control software, and avionics hardware under real on-orbit conditions. (Expert Market Research) (Mordor Intelligence) (IMARC) (CSIS) (SpaceNews).
Growing customer revenue through our Prototype to Product (P2P) Fast Track program for accelerating validation of emerging hardware technologies and versatile hosted payload services by providing rapid access to space on Prometheus One, a succesor craft to Prometheus Spark, planned early 2026.

The Prometheus fleet is capable of scaling from a single planned mission in year one to over a dozen missions in year five. The design of the Prometheus craft enables multiple spacecraft to be flown on a single launch, reducing total costs as the number of missions increases. Our objective, not shown in the above projections, is to provide return sample capabilities beyond what we currently offer through the MISSE platform. We project that once return sample capabilities are available, the revenue per launch will increase by 2x or more.

Exceptional Team of Experienced Scientists, Engineers, and Business Professionals

ABOVE was founded by a team of tough-as-nails spaceflight engineers, rigorous scientists, savvy business leaders, and fearless entrepreneurs, all driven by a mission to push the boundaries of space infrastructure development. Fed up with the slow-moving bureaucracy of traditional government contractors, they took matters into their own hands, determined to get things done. With a relentless drive and proven capabilities, this team is in the trenches every day, battling to secure funding and build the groundbreaking technologies needed for a permanent presence in space. Grounded in deep expertise and a no-quit attitude, they are committed to fast-tracking a scalable route to robust infrastructure systems in cislunar space.

JPL’s award-winning Advanced Projects Design Team, also known as “Team X”, is JPL’s primary portal for mission concept and project generation, feasibility analysis, and preliminary design. It was a pioneer in the use of concurrent engineering in these aspects of space flight projects. Tom Spilker and Robert Miyake worked together for several years as core members of Team X, studying literally hundreds of mission concepts, some of which advanced to implementation. Robert was the team’s Thermal Representative and occasionally advised on power systems. As a polymath, Tom began as the charter Science Representative but rapidly assumed duties of a mission architect, advising various discipline representatives such as telecommunications, mission design (trajectories), and power, and performing a wide variety of interdisciplinary analyses.

Invest in ABOVE:

As we enter a new era of space development, the need for innovative solutions has never been more urgent. ABOVE's Prometheus and Archimedes programs are designed to meet the growing demand for scalable, automated space infrastructure that serves military and commercial needs. With the International Space Station nearing decommissioning and global competitors advancing quickly, the demand for platforms that enable rapid on-orbit testing, validation, and production is clear and pressing. Our proven solutions are essential for maintaining U.S. leadership and advancing technological capabilities in space. By investing in ABOVE, you are supporting groundbreaking space technologies and aligning with a mission to transform space into a hub of economic growth and innovation. The market potential is enormous, and the opportunity for early investment is unmatched. Now is the time to capitalize on the rapid expansion of the space economy by investing in ABOVE.

IMPRESSIVE MEDIA COVERAGE

The anticipation of Above Space’s habitable stations has incited a vast amount of high-profile international coverage and public support, and we continue to capture major media support worldwide. More than 500 news articles, interviews, and features have appeared to date. These include highly respected broadcast news outlets such as CNN, NPR, and CNBC’s News with Shepard Smith, as well as national talk shows such as Live with Kelly and Ryan and The Late Show with Steven Colbert. Print coverage includes The New York Times, Architectural Digest, Business Insider, the Robb Report, and BBC News.

Here are just a few of the links to recent stories:

ADVISORS AND INVESTORS

USE OF PROCEEDS

Uses	If Target Offering Amount Sold	If Maximum Amount Sold
Design, engineering & infrastructure	0	$900,000
Manufacturing & assembly	0	1,500,000
Operational readiness & testing	0	200,000
Launch services	0	750,000
Research and development, marketing & overhead	0	950,000
IP Protection	0	100,000
Contingency	2,114	264,915
Commissions (note 1)	506	154,085
Legal, accounting, promotional, and other costs	7,500	80,000
	$10,120	$4,899,000

TERM

This is an offering for a convertible note under the Reg-CF exemption, in Above: Space Development Corporation. This offering must raise at least $10,120 by March 31, 2025, at 11:59pm ET. If this offering does not reach its target, then your money will be refunded. Above: Space may issue additional securities to raise up to $4,899,000 — the offering’s maximum.

INVESTOR PERKS

Terms and conditions apply.

Glossary

ACD&P (Advanced Component Development & Prototypes): Budget Activity 4 (BA-4) within DoD's RDT&E structure, funding the evaluation and maturation of technologies in realistic environments. More on ACD&P
AFWERX: U.S. Air Force program promoting innovation to solve military challenges. More on AFWERX
COTS (Commercial Off-The-Shelf): Pre-made products used in space tech without modifications. More on COTS
DoD (Department of Defense): U.S. national security and military operations department. More on DoD
IDIQ (Indefinite Delivery/Indefinite Quantity): A type of contract that provides for an indefinite quantity of supplies or services during a fixed period.
ISS (International Space Station): A space lab for microgravity research, managed internationally. More on ISS
MSFC (Marshall Space Flight Center): NASA center focused on space transportation and exploration. More on MSFC
SAA (Space Act Agreement): NASA's legal partnership tool, authorized by Congress under the National Aeronautics and Space Act. More on NASA SAAs
STP (Office of Space Test Program): U.S. Air Force program responsible for testing and evaluating space technologies to support military and government missions. More on STP
Step 2.0: A specific phase or process within the Office of Space Test Program that focuses on advancing space technologies through rigorous testing and evaluation.
TAM (Total Addressable Market): Total potential revenue if a product fully penetrates its market. More on TAM
TRL (Technology Readiness Level): Scale from 1 to 9 measuring technology maturity; 9 is fully operational. More on TRLs

	US Space Force Commercial Space Strategy: Key takeaways for the space industry …Released on April 8, 2024, the New Commercial Strategy challenges leaders to incorporate commercial partnerships and emerging technological innovations …. to address space-related threats to national security … The Space Force seeks to … leverage the use of commercial space solutions in a new “hybrid” architecture … instead of merely augmenting existing government systems …. DLA Piper – Jun 27, 2024
	Space Threat Assessment 2024 “Welcome to the seventh edition of Space Threat Assessment by the Aerospace Security Project at the Center for Strategic and International Studies (CSIS). For the last six years, CSIS has used open-source information to produce an annual assessment of threats to U.S. national security space systems posed by foreign government capabilities… Center for Strategic and International Studies (CSIS) – Apr 17, 2024
	Russia, China catching up to U.S. in space weaponry, new report finds The Secure World Foundation on April 2 released its annual report, “Global Counterspace Capabilities: An Open Source Assessment,” that sheds light on the growing space arms race between the United States, Russia and China… The report, compiled from publicly available information, details the counterspace capabilities - essentially space weapons - being developed by a dozen countries SpaceNews – Apr 2, 2024
	Above: Orbital to launch proprietary materials to ISS for testing Above: Space Development Corporation, through the firm’s wholly-owned subsidiary, Above: Orbital, will be testing the performance and durability of the Company’s proprietary materials in low orbit, aboard the International Space Station (ISS), as part of the upcoming Materials International Space Station Experiment (MISSE-19) mission in March, flown by the SpaceX Dragon resupply mission, SPX-30. SatNews – Feb 20, 2024
	Above: Space announces successful test of its Prometheus orbital propulsion control system The tests were conducted at the NASA Marshall Space Flight Center Flat Floor Facility in Huntsville on a specially designed flat surface which allows objects to glide across a frictionless cushion of air. Military-Aerospace Electronics – Dec 19, 2023
	Space tourism growing as companies work to send regular people to space … Space tourism is taking off, and that means we need more infrastructure in low-earth orbit. "We are addressing the energy problem," said Rhonda Stevenson, CEO of Above Space. Stevenson’s team is working on a new project called Archimedes, which could provide power for future space stations…. Fox35 Orlando – Dec 19, 2023
	The Bodily Indignities of the Space Life The race is on to put hotels in space and neighborhoods on the moon. Here’s some of what we know about how Earthlings fare beyond the safety of our home world The New York Times Magazine – Dec 8, 2023 (subscription required)
	Above: Orbital Announces Successful Test of Rotating Artificial Gravity Space Station Systems At NASA Marshall Space Flight Center Above: Orbital, which designs and develops adaptable, space-based platforms for the U.S. Department of Defense and commercial customers, successfully completed a test of its proprietary cold gas engine thruster technology and software representing a significant proprietary industry milestone in developing artificial gravity platforms. SpaceRef – Jul 19, 2023
	Above Space Signs Umbrella Space Act Agreement With NASA Los Angeles CA (SPX) July 14, 2023 - Above Space Development Corporation, a key player in the space technology sector, has recently inked an Umbrella Space Act Agreement (SAA) with NASA, a development set to have significant implication… Space Daily – Jul 15, 2023
	World’s First Ever Space Hotel With Artificial Gravity, Expected To Be Ready By 2025 Orbital Assembly intends to launch the first Hilton space hotel floating above the planet. The company has grand ideas for opulent accommodations and zero-gravity activities. The Hotel aboard Voyager Station will have numerous amenities… Startup Pakistan - May 9, 2023
	DoD launches new ‘effort’ to rapidly adopt commercial space capabilities “We need to take advantage of the diversity of novel ideas and products available from the commercial sector to complement the DoD space and deliver capabilities to our warfighter at a far quicker pace," said Heidi Shyu, the Pentagon's undersecretary of defense for research and engineering. Breaking Defense – Apr 23, 2023
	US Space Force Orbital Prime Awards Contract To Orbital Assembly Huntsville AL (SPX) March 17, 2023 - Orbital Assembly has been awarded a $1.7 million contract from the United States Space Force to develop rapidly deployable on-orbit structural technologies to support many types of electronic equipment… Space War – Mar 21 2023
	USSF Awards Million Dollar Contract to Orbital Assembly Orbital Assembly has been awarded a $1.7 million contract from the United States Space Force(USSF) to develop rapidly deployable, on-orbit, structural technologies to support many types of electronic equipment. SatNews - Mar 20, 2023
	Orbital Assembly Receives $1.7 Million Contract From U.S. Space Force The SBIR award will fund Orbital Assembly’s development of a lightweight space structure. Business Alabama – Mar 16, 2023
	As DoD pivots to smaller satellites, Congress airdrops a big one into the budget The U.S. Defense Department’s head of space acquisitions circulated a memo last fall calling for the Pentagon to embrace a faster, more commercial approach to building satellites. At the top of Frank Calvelli’s “Space Acquisition Tenets” list is to pivot away from billion-dollar behemoths that take a decade to build in favor of smaller spacecraft that can be delivered in under three years… SpaceNews – Mar 14, 2023
	Orbital Assembly Announces Hosted Payload Services With Variable Gravity On Pioneer Space Station Huntsville AL (SPX) December 12, 2022 - Orbital Assembly (OA) is announcing a new program and mission design as well as planning services for station-class hosted payloads on the company's micro and artificial gravity space stations... Space Daily – Dec 12, 2022
	Orbital Assembly Will Host Space Payloads Huntsville-based Orbital Assembly says that it will offer space program and mission support services for payloads on the company’s micro and artificial gravity space stations Business Alabama – Dec 9, 2022
	Orbital Assembly Announces New Equity Offering to Advance Hybrid-Gravity Space Station Development Huntsville AL (SPX) December 08, 2022 - Orbital Assembly (OA), a leader in the race to make Hybrid-Gravity™ space accessible for leisure, commercial and industrial activities has announced a crowdfunding equity offering (Reg CF). Space Daily – December 8, 2022 (9.7 months from September 30,2023)