Orbital Assembly Corporation was founded by space enthusiast, commercial pilot, and president of the Gateway Foundation, John Blinkcow, for the purpose of enabling large-scale, in-space construction of orbital infrastructure.
Most notably, the company intends to pioneer the technology of artificial gravity on space stations. The company is currently developing and demonstrating key technologies on Earth before attempting an orbital launch.
Orbital Assembly’s goals are extremely ambitious, as is the timeframe they’ve given themselves to achieve them. However, if they can achieve even the first of their in-orbit demonstration missions, they will have positioned themselves as a leader in a new and potentially lucrative market — adjustable gravity research.
OAC’s long-term technology demonstration consists of a fully built rotational space station called Voyager Station — an orbital giant capable of comfortably housing over 150 astronauts.
Company Stats At A Glance (August, 2021)
CEO: Rhonda Stevenson
Market: Orbital Construction
Market Valuation: $23,000,000
Funding Rounds: A
Total Capital Raised: $1,000,000
Company founded, setting out the goal to enable the new future of in-orbit space station construction.
Round A Funding Closes, Fully Subscribed, at $1,000,000
OAC completes a public crowdsourced funding round at $0.25/share, valuing the company at $23,000,000
Target Milestones for Round A:
1. Robotic DSTAR Technology Demonostration.
2. PSTAR Orbital Technology Demonstrator Built (but not launched).
SEC Offering Statement
I personally consider the 2027 goal for completion of Voyager Station to be unbelievably ambitious, certainly given the specifications the company has provided.
If they want to meet this goal, they need to dramatically increase their hiring of engineering talent, as well as start handing out contracts to key suppliers for all the tech they won’t be able to do develop in house. At the moment, they simply don’t have the resources to do either.
Future funding rounds will have to be a lot more substantial.
This doesn’t mean the company has no future.
If they can achieve even the first of their in-orbit technology demonstration missions, a far smaller and stripped down station called Gravity Ring, they will have positioned themselves as the only provider for a potentially new and lucrative market — controllable low-gravity research.
If they can achieve this by 2027, I’ll be both impressed and extremely happy.
Article last revised — August 2021 | Article next review — August 2022