SANTA FE, N.M. (AP) — A Santa Fe-based tech firm that wants to bring commercial Wi-Fi to space is offering a stake in the company.
The Santa Fe New Mexican reports Solstar Space Co. founder and CEO M. Brian Barnett filed an offering statement with the Securities and Exchange Commission seeking approval to raise investment capital through the online crowdfunding platform Wefunder.com. The newspaper reported he filed the offering statement last week.
Barnett says he is looking to raise $1 million in equity funding through the crowdfunding investment site. He says the campaign is soliciting investments, not donations.
Solstar Space is working to create reliable internet connections in the orbital realm. The first customers for internet in space will likely be passengers aboard commercial spacecraft flown by Blue Origin, SpaceX or Virgin Galactic.
Information from: The Santa Fe New Mexican, http://www.santafenewmexican.com
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