Orbital Assembly Corporation promote space hotels in LEO for investment
by Staff Writers
Rocklin CA (SPX) Nov 11, 2021
Orbital Assembly Corporation (OAC) a company focused on becoming the leading large-scale space construction company enabling humanity to work, play and thrive in the space ecosystem announces its crowdfunding equity offering (Regulation CF). OAC plans to use the funding to advance its design and construction teams, marketing initiatives and revenue generating goals around space habitation and construction. Details of the offering can be found here.
"Commercial Space tourism became a reality this year and Orbital Assembly is uniquely positioned to capitalize on the intense interest in livable space facilities, specifically low orbit space habitation in a low gravity environment," says Orbital Assembly Chief Executive Officer Rhonda Stevenson.
"Our team, with hundreds of years of combined space technology experience, is pursuing a technology roadmap that will generate revenue while funding the R and D to achieve the critical milestones for comfortable space facilities as well as construction capabilities that will be necessary for many space construction applications."
OAC is focused on decreasing the price of launching materials into orbit so that materials and client's payloads will be delivered more cost-efficiently. To facilitate more rapid deployment, the company is building patented robotic assembly systems that are designed to assemble facilities in space many times larger than the International Space Station, while accommodating hundreds of tourists, researchers, and technicians.
Earlier this year, the company validated its Demonstrator Station Truss Assembly Robot (DSTAR) by deploying a football-field long, truss structure that can be assembled in space using robots. In 2023, OAC is scheduled to deploy the PSTAR, a space robotic system to further validate OAC's construction capabilities in low orbit.
OAC plans to build the Gravity RingTM which is believed to be the first, at scale, platform capable of providing artificial gravity. It is designed to facilitate payload opportunities for military, commercial space, and research organizations to launch and attach their apparatus to the Gravity Ring that can simulate all levels of gravity including Mars.
OAC is determined to make its Pioneer-classTM stations the first habitable platforms capable of providing artificial gravity, unlocking unprecedented opportunities for research, tourism, and long duration spaceflight. The Pioneer Class of space station marks a fundamental shift away from existing station architectures with separate tourist facilities. Its design consists of two - eight habitable modules with crew capacity of up to 56, with 16 docking ports and provide up to lunar level simulated gravity.
OAC's flagship project is the Voyager-classTM Space Station. The large rotating stations are designed to produce varying levels of artificial gravity by increasing or decreasing the rate of rotation. Artificial, or simulated, gravity is essential to long term habitation in space.
The station is designed to accommodate commercial and manufacturing partners as well as national space agencies conducting low gravity research. The Voyager Class will also provide the comfort of low gravity within the luxurious accommodations of a luxury hotel space for tourists who want to experience an extended visit to space. It is designed to accommodate up to 400 visitors and crew.
"While space travel is currently the playground for the rich and famous, like many new experiences and technologies, market demand and innovation will drive down the cost," says Tim Alatorre, COO, vice president of habitation and co-founder of OAC.
"However, there are many other revenue generating opportunities in the many different vertical markets from military, research, entertainment and marketing that provide sizable business opportunities that provide the necessary funds to give OAC the resources to build the slow rotation Voyager class stations."
Investors can learn more about the company's plans and opportunities as part of a live streaming event that will take place on Friday, November 12th at 12 Noon EST (9AM PST) by clicking here. The video will be available afterwards as well.
Details of the offering can be found here
Virgin Galactic announces Q3 2021 financial results
Las Cruces NM (SPX) Nov 10, 2021
Virgin Galactic Holdings, Inc. has announced its financial results for the third quarter ended September 30, 2021. "We are entering our fleet enhancement period with a clear roadmap for increasing the durability, reliability and predictability of our vehicles in preparation for commercial service next year," said Michael Colglazier, Chief Executive Officer of Virgin Galactic. "Demand for space travel is strong, and we've been selling seats ahead of the pace we had planned. This demonstrates ... read more
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