Development Roadmap & Funding
A phased approach from risk reduction through fleet deployment, with non-dilutive government funding de-risking the technology before private capital scales the business.
Development Phases
Ground prototype ($225K), SBIR Phase I/II, patent prosecution, team build. Goal: TRL 5 for LDR subsystem.
OTA-funded flight hardware development. Single satellite build, integration, and launch to 700 km SSO. First on-orbit revenue.
Scale to 5–7 satellites. Next-gen GPUs on same thermal platform. IDIQ/sole-source contracts. Starship reduces launch costs.
12+ satellites with inter-satellite links. Global coverage. Commercial market entry at $2.58/GPU-hr. ISL mesh network.
7-Year Financial Projection
| Year | Sats | Revenue | OPEX | CAPEX | Net CF | Cumulative |
|---|---|---|---|---|---|---|
| 2027 | 0 | $1.5M | $0.5M | $0.2M | +$0.8M | -$0.2M |
| 2028 | 0 | $10M | $2.0M | $17M | -$9M | -$9.2M |
| 2029 | 1 | $5M | $1.3M | $0 | +$3.7M | -$5.5M |
| 2030 | 1 | $12.6M | $1.3M | $0 | +$11.3M | +$5.8M |
| 2031 | 3 | $25M | $2.5M | $26M | -$3.5M | +$2.3M |
| 2032 | 5 | $50M | $3.5M | $22M | +$24.5M | +$26.8M |
| 2033 | 7 | $75M | $4.5M | $20M | +$50.5M | +$77.3M |
Funding Ask
18-month runway to TRL 5 + SBIR Phase II + OTA pipeline established.
Pathfinder satellite build and launch. First on-orbit revenue. Triggered by successful TRL 5 demonstration.
Fleet expansion to 5–7 satellites (2031+). Next-gen GPUs on proven thermal platform. Starship launch cost benefits.
Entry Timing Strategies
| Strategy | Launch | GPU + LV | Breakeven | Market |
|---|---|---|---|---|
| First Mover | 2029 | B200 + F9 | $6.20/hr | Gov + premium |
| Technology Wait | 2031 | X100 + Starship | $3.04/hr | Premium commercial |
| Full Constellation | 2029–2035 | Multi-gen fleet | $2.58/hr | Mainstream |