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Providing More Space in Space™️


Convertible Notes

Raised to Date
$146,000
6 Investors Onboard 🚀

Min goal
100,000
Stretch Goal
1,000,000
ID:
AS-D-2024
Exemption:
REG-D (506c)
Issue Type:
Convertible Note
7.20% interest accrued until converted to Common Stock at a discount to the next Qualified Financing; matures 12/31/2028
Accredited Only:
Yes
Financials:
Audited
Audited By:
SM CPAs, PC
Price per Note:
$1,000.00
Minimum Investment:
$10,000
Requested Investment:
$10,000
Investment Increments:
$2,000
Minimum Goal:
$100,000
Stretch Goal:
$1,000,000
Maximum Goal:
$1,000,000
Raise Start Date:
October 2nd, 2024
Raise Target Date:
December 31st, 2024
Raise End Date:
September 30th, 2025

Notice: This offering is open to Accredited Investors only.

This offering for Convertible Notes is being made under the Reg-D506c exemption. In order to access the offering details, please login and request access using the button above. 

All investors participating in this offering are required to demonstrate accredited investor status by providing a SEC safe-harbor compliant verification letter signed by an eligible verifier.


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 our 50+ years of experienced space flight innovation heritage and problem-solving expertise. 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 October 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. 
 

ABOUT ABOVE SPACE

Human beings have feet for one reason. Or, rather one G. 

To live for more than a few hundred days on orbit, science has concluded there’s still one essential thing that’s missing for space habitats. Gravity. It has taken our species 3.7 billion years of evolution to adapt to Earth’s gravity and in that time, we have become as dependent upon that force as we are water or air. It strengthens us. It gives our muscles mass and our bones density, it makes our hearts work harder. And without it, as several studies on astronauts and cosmonauts in orbit have shown, our bodies decline severely

Above is developing spaces in Space to fulfill the dream of low-gravity on-orbit habitation for all. 

Drawing upon our team’s 150 years of collective experience on over 30 space missions, plus the deep expertise of several hardware vendors and partners, Above has been working to develop the technology to build gravity-capable structures in space faster and at a dramatically lower cost.

Above Space milestones to date include:

  • A full-scale working prototype of the DSTAR™, an automated truss building robotic system.
  • A five-year umbrella Space Act Agreement with NASA to support Above’s efforts to design space stations and platforms.
  • Designed and built  software and hardware for artificial gravity generating space platforms, with testing and validation at NASA’s Marshall Space Flight Center.
  • Filed multiple provisional patent applications (#63228459, #63345763, #63373308) and continuing the process of protecting Above’s extensive portfolio of hardware and software intellectual property..
  • Agreements with more than 60 potential partner-customers of these platforms, including the US Air Force AFRL division.
  • Continuing testing and validation of emerging technology at NASA Marshall Space Flight Center.
  • Two Air Force contracts totaling $1.8 million.
  • Voyager-class™ station, PSTAR™, Gravity Ring™, Station-In-A-Box™, Prometheus, Archimedes, Pioneer-class™ space platforms and the OASIS™ habitation module designs.

Vision/Mission:

To establish a scalable technological roadmap to guide us to the first gravity-capable, habitable space stations where humans may thrive. Ultimately, our goal is to build and operate our own on-orbit business parks with gravity.

Recent Third-Party News Reports:

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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

Photo: iLab/CSIS

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

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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

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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

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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

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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 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

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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

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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

Defense Officials Announce HBCU Research Center Initiative

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

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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

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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

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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

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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

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

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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

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)