US Space Corporation – Founder / CEO: Rowland Reeves – Sacramento, Ca. usspacecorp@gmail.com
Executive Summary
Purpose:
Provide the most powerful rocket engine and spaceship to the worldwide space industry. Empowering the human odyssey through space exploration, enterprise, habitation, and adventure. Use our advanced rocket engine and spaceship to build Earth orbiting artificial gravity facilities.
That is; our goal is to become the first space-based real estate development company.
Industry – Aerospace industry – the aerospace industry is still in its infancy it has unlimited potential for exponential growth over the coming decades and beyond.
Problem Statement #1
The problem being solved is the limit on how much a rocket engine’s thrust can be increased. All current rocket engines experience huge back-pressure from the combustion chamber back into the fuel pumps which limits the amount of fuel entering the rocket engine's combustion chamber. This problem cannot be solved by simply increasing the inflow pump's capacity. This is because for each increase in fuel pump capacity the back pressure also increases proportionately. Fuel pump increased capacity literally causes the need for even more increases in fuel pump capacity, it's a self-defeating loop. This back-pressure problem is accepted in the space industry as a given limiting factor in rocket engine technology and thrust.
Solution #1
US Space has invented a new advanced rocket engine that eliminates combustion chamber back-pressure thus enabling huge increases of fuel injection into the combustion chamber, which in turn, enormously increases rocket engine thrust. US Space's new engine achieves 60% more thrust and is 43% more efficient than even the current most advanced rocket engines. The mentioned engine performance claims have been extensively researched and verified through our own and the National Science Foundation's engine simulation testing. We have been awarded a grant by the NSF to develop a prototype of our engine. The NSF put our engine's design, performance data, and function processes through a rigorous, due diligence process. At the conclusion of that analysis process The NSF awarded US Space a Grant to build and test a prototype of the its new advanced rocket engine. The NSF Grant imparted enormous credibility to US Space's new technology.
Problem Statement #2
The problem being solved is the flawed designs of all current "tube type" launch vehicles/spaceships. All current spaceships are designed to optimize the launch portion of space vehicle's launch and then reentry and landing on Earth. The flaw in this design approach is that the reentry and landing not the launch is the most difficult part of any round trip space vehicle's flight. The fact is that given sufficient fuel and engines any space vehicle can take off and go into orbit. The real challenge is to safely and conveniently bring that vehicle back to Earth.
Solution #2
US Space's new advanced spaceship is designed with the most difficult part of a space vehicle's flight in mind; that is, its design is optimized for reentry and landing back on Earth.
How is that accomplished? Imagine that you are orbiting Earth in a space vehicle and you want to reenter the Earth's atmosphere and safely land your vehicle. Relative to today's narrow tube shaped space vehicles what design changes would you make to make your reentry flight to Earth easy and safe? US Space's new advanced spaceship has answered that question with a new design criteria that optimizes reentry design while still maintaining a powerful launch capability.
Problem #3
The direction and goals of the space industry's current attempts to developed a space-based ecosystem and multi-planet habitation are flawed on many levels. For examples;
1. The cost of developing colonies on Mars and the Moon will cost upwards of $1 trillion or more.
2. The actual number of human beings who will ever visit or live in those facilities will be very small. Maybe a million people over the next 50 years
3. The environments on the Moon and Mars are extremely hostile to life. Anywhere in Antarctica or the worst parts of the Sahara desert are a garden of Eden compared to those bodies.
4. Travel times, especially to Mars, limit any reasonable regular journeys between them and Earth.
5. Enterprise opportunities on the Moon and Mars will be severely limited by the distances involved and the need for a constant focus on survival.
Solution #3
US Space's new advanced rocket engine and spaceship will make it financially feasible to develop and build Earth orbiting artificial gravity facilities.
1. The cost of build an orbiting artificial gravity facility, or even dozens of such facilities, is only a fraction of the cost of building colonies on the Moon or Mars.
2. The number of people that could visit or live in such facilities because of their proximity to Earth could run into the tens of millions per year.
3. The environment within such facilities will be comfortable and self-sustaining. In fact millions if not billions of people will be living in space within artificial gravity facilities.
4. The travel time to Earth orbiting facilities will be measured in hours not weeks or months. Quick round trip visits will be routine for millions of people just like travel between places on the Earth.
5. The enterprise opportunities for orbiting artificial gravity facilities will be enormous; examples: space-based theme parks, vacation "cabins", manufacturing, agriculture, science facilities, astronomy platforms, space hotels, space habitats, space-sports, as launch platforms to the asteroids, and the other planets. The list is as endless as space itself. And guess what we will never run out of "space" !
The Team
Founder – Rowland Reeves retired computer and technology Teacher. BS Business-UC Berkeley, BA Government-Cal State University Chico. Self-taught aerospace rocket engine and space vehicle designer who achieved the extremely challenging goal of garnering a development Grant from the NSF for a new advanced rocket engine. (Note: of 55,000 annual NSF Phase I Grant applicants only 10,000 receive small research grants and only 2,000 are awarded grants for new, potentially marketable, inventions.) Co-Founder – Robert Reeves. Self-taught tech and aerospace engineer. Rest of the Team includes eight mechanical and aerospace engineers and a Chief Project Engineer who owns his own machining shop with forty years of experience.
Market Opportunity
The target market is the worldwide aerospace industry. For example; without even considering the launch vehicle production market rocket engine production in 2023 =$2.8 billion: 2024 = $3.5 billion, projected for 2028 = $4.1 billion. Equaling an average 21% annual growth rate. For the aerospace industry the statement “The sky is the limit” is literally true. The future growth potential in the demand for rocket engines and space vehicles will be stimulated by; increased satellite launches, space facilities construction, interplanetary exploration, asteroid mining, and science platform development. The market for rocket engines and space vehicles is going to grow exponentially.
Business Model
US Space will generate revenue within three years through partnerships with existing and newly evolving aerospace companies. We will use the “Roscosmos example” relative to the sale of Russia's advanced RD-180 rocket engine to the US. The Russians made it much less expensive for US companies to either purchase its engines or to co-produce them rather than forcing those companies to R&D their own competing engines. By partnering with existing aerospace companies US Space will be able to rapidly achieve market saturation with its advanced engine and space vehicle technology creating a continuous revenue stream and built in MOAT for its dominance in the market.
US Space’s MOAT
Pending patents and ongoing new patents with each new iteration. A business plan that focuses on creating partnerships, franchises, and rapid market saturation of our technology into the space industry. We are not going to “destroy the competition”. US Space is going to help the “competition” achieve its goals.
Financial Summary
$55,000 founder cash invested for IP pending patents, onboarding new staff, and an initial proof of concept prototype. (As well as $200,000 in lost income from retiring early to work full time on the rocket engine.) And the NSF Grant of $275,000.
Funding purpose
$1,250,000 - New company facilities that enables build and testing of the engine in the same location.
$150,000 – Improved test censoring equipment.
$50,000 – Testing structure.
$265,000 – Test to failure iterations to find the failure points for the system.
$100,000 – Legal and ongoing patenting for new iterations and parts niche items.
$500,000 – Marketing and legal support for licensing and joint venture contracts.
$2,480,000 - Bring Team members onboard to full time status.
$100,000 - Third party analysis and test results verification.
$ 55,000 - Clerical / accounting management / scheduling / email / phones
$ 50,000 - Contingency fund
Total = $5,000,000
Potential Major Breakout Point
If prototype testing over the next six months verifies both the US Space’s simulation results and the NSF’s appraisal of the technology a breakout point for US Space in terms of funding will occur.
Funding Request / Term Sheet
Pre-Money Valuation
Founder direct cash = $55,000, NSF Grant = $275,000 for a total pre-money valuation of $330,000.
Post-Money Valuation = $5,330,000.
Possible Funding Mechanism:
Private offering sale of 5,000,000,000 company shares for $5,000,000
(20% of the company’s outstanding shares all of which are owned by staff members, the Founder and Co-Founder (20,024,012,746, shares).
Anti-Dilution Protection – No future shares will be offered at a price less than the current
offering price.
Future Investment / Share Purchase Rights; Options agreement enabling this rounds current investors to buy into one future funding round an amount of share equal to the number
of shares purchased in this round and at the same price / share.
Other options include SAFE notes, negotiated alternative or "mixed" mechanisms. We want our investors to be satisfied with the terms what ever their final form.