Wholesale
Athena

Space Exploration Technologies - SpaceX

Early Stage Capital

Register Interest

This offer is open only to investors that are “accredited investors” (as defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”)) that are also “qualified purchasers” within the meaning of Section 2(a)(51)(A) of the United States Investment Company Act of 1940, as amended (the “Investment Company Act”).

Transaction Size
USD 15,000,000.00
Share Price
USD 350.00
Minimum Investment
USD 50,000.00
Issue Type
Early Stage Capital
Sector
Technology

Overview

In 2019, an exciting new opportunity was brought to Syndex, for investors to express interest in participation in an investment intended to benefit from potential future appreciation in the value of securities of Space Exploration Technologies Corp., doing business as SpaceX. We are delighted that our partners in the US have secured a similar new opportunity for you to consider.

ABOUT SpaceX

Space Exploration Technologies Corp., doing business as SpaceX (“SpaceX”), is a private American aerospace manufacturer and space transportation services company located in California. Elon Musk founded the company in 2002 with the goal of reducing space transportation costs to enable the colonization of Mars. SpaceX has developed several launch vehicles, the Starlink satellite constellation, the Dragon cargo spacecraft, and has recently flown humans to the International Space Station on the SpaceX Dragon 2.

SpaceX's created the first privately funded liquid-propellant rocket to reach orbit with Falcon 1 in 2008, was the first private company to successfully launch, orbit, and recover a spacecraft with the Dragon in 2010, the first private company to send a spacecraft to the International Space Station (Dragon in 2012), the first Vertical take-off and vertical propulsive landing for an orbital rocket (Falcon 9 in 2015), the first reuse of an orbital rocket (Falcon 9 in 2017), the first private company to launch an object into orbit around the Sun (Falcon Heavy's payload of a Tesla Roadster in 2018), and the first private company to send astronauts to orbit and to the International Space Station (SpaceX Crew Dragon Demo-2 and SpaceX Crew-1 missions in 2020). SpaceX has now flown 20 cargo resupply missions to the International Space Station (ISS) under a partnership with NASA, as well as an unmanned demonstration flight of the human-rated Dragon 2 spacecraft (Crew Demo-1) on 2 March 2019, and the first crewed Dragon 2 flight on 30 May 2020.

In December 2015, a Falcon 9 accomplished a propulsive vertical landing. This was the first such achievement by a rocket for orbital spaceflight. In April 2016, with the launch of SpaceX CRS-8, SpaceX successfully vertically landed the first stage on an ocean drone ship landing platform. In May 2016, in another first, SpaceX again landed the first stage, but during a significantly more energetic geostationary transfer orbit mission. In March 2017, SpaceX became the first to successfully re-launch and land the first stage of an orbital rocket. In January 2020, with the third launch of the Starlink project, SpaceX became the largest commercial satellite constellation operator in the world.

In September 2016, Musk unveiled the Interplanetary Transport System — subsequently renamed Starship — a privately funded launch system to develop spaceflight technology for use in crewed interplanetary spaceflight. In 2017, Musk unveiled an updated configuration of the system which is intended to handle interplanetary missions plus become the primary SpaceX orbital vehicle after the early 2020s, as SpaceX has announced it intends to eventually replace its existing Falcon 9 launch vehicles and Dragon space capsule fleet with Starship, even in the Earth-orbit satellite delivery market. Starship is planned to be fully reusable and will be the largest rocket ever on its debut, scheduled for the early 2020s.

In a 27 June, 2019 article published online by CNBC, it was reported that “SpaceX is seeking to raise USD314.2 million at a price of USD214 a share” and “Part, if not all, of the investment in SpaceX is from the Ontario Teachers’ Pension Plan, which has USD191.1 billion in assets under management.” The article also noted that “SpaceX raised equity rounds of USD486 million and USD536 million earlier this year.

Since then, SpaceX has continued it's expansion and as noted in a recent more recent CNBC Article, has passed a number of milestones since July 2020, including returning its first NASA astronauts from space successfully, winning hundreds of millions of dollars in Pentagon contracts, launching hundreds more Starlink satellites to orbit to build its global internet network, and conducting two test flights of its next-generation Starship rocket. The company also in August sought $2.1 billion in a new round of equity funding, which valued SpaceX at near $44 billion.

A link to the full article is contained here

INVESTMENT STRUCTURE

The offering is open only to investors that are “accredited investors” (as defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”)) that are also “qualified purchasers” within the meaning of Section 2(a)(51)(A) of the United States Investment Company Act of 1940, as amended (the “Investment Company Act”).

The size of the Offering is expected to be USD50,000,000. The closing date for the Offering will be 31 March 2021.

Syndex is proud to facilitate this opportunity to eligible investors. Investors participating in this Offer through Syndex will, in addition to any obligations set out in the Placement Memorandum,

REGISTERING INTEREST

When you click on the tab to register interest you will be contacted by a representative from the advisor to the issuer and be provided access to the Placement Memorandum.

DISCLAIMER

This information is qualified in its entirety by, and should be read in conjunction with the Placement Memorandum, including the “Risk Factors” and ”Conflicts of Interest” described there in for a complete understanding of the Offering, the Fund and the relationship of various parties affiliated with the Fund including the Placement Agent and its principals.

All figures are in USD unless otherwise stated.

QP Aerospace I Summary Presentation
July 9, 2019
9/7/2019

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