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Solstar Space Company logo

Solstar Space Company

Operating

Solstar Space Company.

Software & AI · IoT

The first commercial Wi-Fi in space

Valuation cap ⓘ
$12.0M
As of Mar 2022 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$2,812,849
Across 3 rounds since 2018

Financials

FY2016–FY2024 · from SEC filings · hover any figure for its source
$0
$6K
2017
$5K
−$156K
2018
$0
$286K
2019
$0
−$194K
2020
$50K
−$671K
2021
$3.1M
−$323K
2022
$1.2M
−$420K
2023
$1.5M
−$182K
2024
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2016 reviewed*
FY2017 reviewed*
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Income statement
Revenue
$0
$0
$5,300
$0
$0
$49,884
$3,082,533
$1,246,321
$1,509,771
Cost of goods sold
$0
$4
$52
$0
$0
$0
$1,618,074
$447,307
$335,639
Gross margin
—
—
99%
—
—
100%
48%
64%
78%
Net income
$0
$6,490
-$156,080
$286,068
-$193,556
-$671,184
-$322,957
-$419,606
-$181,767
Taxes paid
$0
$165
$600
$547
$101
$389
$75
$500
$809
Balance sheet
Cash
$0
$47
$33
$24,269
$4,700
$467,987
$674,889
$217,237
$94,662
Accounts receivable
$0
$0
$210,590
$0
$423,656
$290,454
$0
$0
$0
Total assets
$0
$67,162
$269,875
$83,522
$479,144
$810,330
$732,596
$267,865
$161,480
Short-term debt
$0
$10,000
$28,690
$25,260
$74,787
$38,124
$273,692
$76,640
$75,372
Long-term debt
$0
$0
$344,775
$444,775
$1,006,275
$2,111,124
$2,120,778
$2,270,778
$2,355,778
Total liabilities
$0
$10,000
$373,465
$470,035
$1,081,062
$2,149,248
$2,394,471
$2,347,418
$2,431,150
Other
Headcount
—
1
1
2
1
1
1
4
4

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$7.5M
Valuation cap
$8.0M
Valuation cap
$12.0M
Valuation cap
Reg CF · SAFE · Jun 2018
Reg CF · SAFE · Jun 2020
Reg CF · SAFE · Nov 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Share counts as of Dec 31, 2020
ClassOutstandingVotes / shareShare of totalLast price
Common stock7,361,100—100.0%—

Shares outstanding over timein today's share terms

7.4M3.7M0
Dec 2019Dec 2020
Common stockRound opened

Principal holders% as the filing states it, Feb 19, 2026

  • M. Brian Barnett79.7%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Nov 2021Closedvia WeFunder
Raised $1.5M / $3.5MInvestors 1,325Valuation cap $12M
Reg CF · SAFE · Jun 2020Closedvia WeFunder
Raised $1M / $535KInvestors 1,592Valuation cap $8M
Reg CF · SAFE · Jun 2018Closedvia WeFunder
Raised $261.1K / $1.1MInvestors 400Valuation cap $7.5M

Team

1 person
M. Brian BarnettFounder
Founder & CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 7 of 8 annual reports (FY2018–FY2025)

1,592 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-TRFeb 19, 20260001738704-26-000007
    EDGAR
  • Form C-ARFeb 19, 20260001738704-26-000006
    EDGAR
  • Form C-ARFeb 9, 20260001738704-26-000004
    EDGAR
  • Form C-ARJan 15, 20260001738704-26-000002
    EDGAR
  • Form C-AR/ADec 18, 20250001738704-25-000014
    EDGAR
  • Form C-ARDec 9, 20250001738704-25-000013
    EDGAR
  • Form C-ARDec 2, 20250001738704-25-000012
    EDGAR
  • Form C-AR/ANov 12, 20250001738704-25-000010
    EDGAR
Source: ManualCIK 0001738704

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.