Detonation Space
Next Generation Engines
West Hollywood, CA
Engineering
Detonation Space is developing rotating detonation engines which are thermodynamically 30% more efficient than conventional combustion-type engines. We believe that with the help of Detonation Space’s patent pending engine technology, drones will have longer flight times, planes will be able to accommodate more passengers, rockets will be able to go farther or carry more payloads.
$143,382
raised
192
Investors
$15M
Valuation Cap
5.0%
Annual Interest Rate
$250.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
06/15/23
Maturity Date
Reg CF
Offering
Rewards
Get rewarded for investing more into Detonation Space:
$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$10,000+
Investment
Tier 4 perk
($10,000+ 3D Printed Mini Model Rocket w/ Company Logo + 5% Bonus on the Convertible Note Interest Rate)
$25,000+
Investment
Tier 5 perk
($25,000+ 3D Printed Mini Model Rocket w/ Company Logo + Invitation for Lundet-7 Ignition Test + 10% Bonus on the Convertible Note Interest Rate)
$50,000+
Investment
Tier 6 perk
($50,000+ 3D Printed Mini Model Rocket w/ Company Logo + Invitation for Lundet-7 and Lundet-40 Ignition Tests + 15% Bonus on the Convertible Note Interest Rate)
Reasons to Invest
The total market is huge to say the least. Detonation Space is targeting aerospace, aviation, and drone markets. Total market potential amounts to 165 million units.
We unlock global mobility by enabling supersonic flights. Our engine, which is currently in the prototype phase, is suitable for hypersonic jets - a technology that will revolutionize transportation in the next couple of decades.
It is time to abandon the technology of the 20th century and look towards the future with Detonation Space. We expect that our technology will increase the efficiency of aerospace vehicles, such as rockets, planes, helicopters, and drones by cutting down fuel expenditure, making vehicles more lightweight, and decreasing cost per kilogram of payload. This way they can carry more weight and operate under lower cost.
The Problem
Conventional Engine Tech is Outdated
Modern vehicles operate using combustion engines - a technology that hasn’t changed much since its development in the 19th century (source). Combustion engine technology limits efficiency of spaceships, aircrafts, and drones.
This causes some problems obviously, as current tech is:
Heavy: Due to the components used for pressurization (turbo pump, pressurization tank, compressor, turbine), the weight of the engine is quite high and it takes up a lot of volume.
Expensive: Aerospace firms spend most of their resources on engines (source).
Limiting: The high fuel consumption limits space exploration, carrying more passengers, going further, and longer flight times (source).
The Solution
Meet Detonation Space: Lighter, More Efficient Tech
Detonation Space works on new generation propulsion technology rotating detonation engines.
What We Do:
We are developing rotating detonation engines which are thermodynamically 30% more efficient than conventional combustion engines with aerospike nozzles (Source, Source).
GIF
*Rendering of Detonation Space engine. Images are computer-generated demo versions. Product is not currently available on the market.
What We Achieve:
We have carried out numerical works and some partial experimental tests of the Lundet-7 engine, which can produce 7 kN thrust and continue to develop it.
At the End:
In 2022, we plan to perform the flight test using the rotating detonation engine for the first time in the world.
And, we increase payload capacity by:
Decreasing engine sizes
Decreasing cost per KG of weight
While reducing both the weight and size of aircraft engines, we also increase their efficiency. By removing the high pressure compressors and turbines from the engine, we are developing simpler and more efficient engines. Thanks to our detonation combustion model, we plan to provide a 30% increase in efficiency, reduce fuel costs in passenger planes and increase passenger capacity. The reduction in the weight of the engines and the increase in efficiency enable faster and cheaper flights.
The Market
A Spacious Market
The total market is huge to say the least (source). Our technology is providing a more efficient alternative to combustion engines. Current combustion engine market is estimated to grow by 4.6% per year between 2020-2027, reaching 226 million units by 2027.
Detonation Space engine is currently crafted for use in rockets. But our objective is to also serve aircraft, helicopter, and drone markets with our updated engines. We provide market specifics below.
Here’s more on what our market space looks like (source):
Total TAM Size = 100.7 Billion USD
SAM Size = 1.11 Billion USD
SOM Size = 204 Million USD
We unlock supersonic flights
Not only are we bringing existing technologies to the next level by updating engine dynamics, but we believe we are also helping to unlock a completely new mode of transportation for humanity - hypersonic flights. Some time ago crossing the globe on a plane in just a few short hours could only be seen on the pages of a science-fiction novel or on our movie screens. Today it is becoming our reality. Hypersonic flights. One of the major challenges for implementation of hypersonic flights is a suitable engine. The prototype Lundet-7 engine developed by Detonation Space is intended to be technologically suitable for hypersonic jets and planes, and will give a major push to the development of above-the-speed-of-sound flights.
Our Traction
We’ve Taken Off
And we’ve come a long way. Here’s where we’ve been, and where we’re going.
Accepted to the SCALE Aerospace Accelerator Program
We are very excited to announce that Detonation Space has been accepted into Starburst's Aerospace Accelerator Program run with University of California Los Angeles! We are very happy that being a part of this community will take our work to a higher level.
Starburst is a highly networked accelerator program that enables aerospace startups to commercialize their technologies and increase the availability of their products, brings startups together with investors and institutions, and tries to reveal innovative technologies.
What We Do
We Make Next Generation Engines
We go the distance by manufacturing engines for both the aerospace and the aviation industry. In addition, we offer services for the implementation of these engines in the products of the company we sell to.
We plan to produce engines with different thrust values and present them to aerospace and aviation companies in the market - inspiring them to use our lighter, more efficient engine.
Here’s some of our engine’s specs:
GIF
*Rendering of Detonation Space engine. Images are computer-generated demo versions. Product is not currently available on the market.
The Business Model
Better Engines: Better Profit
The total cost of a rocket engine in a rocket is about $20 million, depending on how many are used (source). Our strategy here is to sell engines between $20-30 million - as we believe they are more advanced, and higher quality than most on the market.
Based on the advantages of our engine, we expect that companies would have reduced fuel expenditures and see value in spending fewer resources on development of their own engines and instead purchasing Detonation Space engines.
Our target market is companies that manufacture rockets, aircrafts, helicopters, drones, and missiles. Detonation Space will make money by selling engines, supporting equipment, and providing on-demand engineering and maintenance service.
GIF
* The price determination presented here is presented in total, taking into account the total number of rocket engines. Falcon 9 rocket is taken as reference. The price of the rocket engines will vary for different thrust values and for different rockets.
How We Are Different
Pioneers in Detonation Technology
The detonation engine technology we use in the rocket engine industry attracts the attention of academic circles today. NASA, US Navy, and leading academic institutions are pushing this technology (Source, Source).
We believe no product is produced for the industry yet, and so far, the studies in general have been carried out for only academic purposes.
There are a few companies in the sector that only produce rocket engines, but these companies produce deflagration mode engines. So they are thermodynamically stuck at the limits.
Additionally, only some universities work in detonation technology. At this point, we are ahead of the game in detonation engine technology: both with our academic studies and experiences in the experimental field.
The Vision
We Want to Make an Impact
Our vision is to be a company that proves itself - using detonation engines to achieve 3% dominance in the market within the next five years.
We are planning to establish a test facility in the near future, and among our clients, we see companies producing rockets, aircrafts, helicopters, drones, and missiles.
Here’s where we are going:
OUR LEADERSHIP
Meet the Team Behind the Launch
As the co-founder of the company, Umit Yelken completed part of his master's thesis at the von Karman Institute for Fluid Dynamics - working in the field of detonation.
This led him to successfully applying a detonation model to a rotating detonation engine with his numerical studies. And with that, he has 8 years of experimental experience on rocket engines, as well as awards in some rocket competitions in the United States and Scotland.
Now, our team is made up of mechanical and material engineers, business development experts, and academics alike who have what it takes to make this technology successful.
With high levels of experience in research, production, and testing with commercial companies in this field - we have the team to thrive.
Why Invest
Together, We Can Launch into Opportunity
It is an indisputable fact that the space and aviation industry will grow rapidly in the future, and we set out to take the most important step of this growth.
It is time to abandon the technology of the 20th century and look towards the future with Detonation Space.
In the aerospace and aviation industries at the moment, most big players implement a vertical integration model, where they produce all the parts of a rocket in house. This requires huge R&D expenses and a long development cycle.
On the other hand, if we look at the aircraft industry - companies like Boeing and United Airlines do not produce engines themselves. They purchase engines from companies that specialize in engine development instead.
This allows them to outsource the technically-heavy process to concentrate on their main mission: transporting goods and people from one destination to another. Thus, they remain competitive in the market.
We believe the same will happen in the space industry, and this will only create huge demand for engine and other equipment producers.
By starting now, we are preparing to meet that demand and serve the market. We invite our investors to walk with us on this path.
Quick Insert
Offering Summary
Company | : | Detonation Space Inc. |
Corporate Address | : | 8605 Santa Monica Blvd, West Hollywood, CA 90069 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $500.00 |
Terms
Offering Type | : | Convertible Promissory Notes |
Type of Equity Converted Into | : | Common Stock |
Conversion Trigger | : | $10,000,000.00 |
Maturity Date | : | June 15, 2023 |
Valuation Cap | : | $15,000,000.00 |
Discount Rate | : | 20.0% |
Annual Interest Rate | : | 5.0% |
What is a Convertible Note?
A convertible note offers you the right to receive Common Stock in Detonation Space Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $10,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $15,000,000.00 Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying. You also receive 5.0% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below.
Investment Incentives*
Tier 1 perk - ($500+ Stickers w/ Company Logo)
Tier 2 perk - ($1,000+ Cup w/ Company Logo)
Tier 3 perk - ($5,000+ T-Shirt and Cup w/ Company Logo)
Tier 4 perk - ($10,000+ 3D Printed Mini Model Rocket w/ Company Logo + 5% Bonus on the Convertible Note Interest Rate)
Tier 5 perk - ($25,000+ 3D Printed Mini Model Rocket w/ Company Logo + Invitation for Lundet-7 Ignition Test + 10% Bonus on the Convertible Note Interest Rate)
Tier 6 perk - ($50,000+ 3D Printed Mini Model Rocket w/ Company Logo + Invitation for Lundet-7 and Lundet-40 Ignition Tests + 15% Bonus on the Convertible Note Interest Rate)
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
The Company will offer a 10% additional bonus for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 5.5% instead of 5%.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$25,000.00
USD
$0.00
USD
Cash And Cash Equivalents
$0.00
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$0.00
USD
Accounts Receivable
$0.00
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$0.00
USD
Short Term Debt
$0.00
USD
$0.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$0.00
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$0.00
USD
Costs Of Goods Sold
$0.00
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$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$54,341.00
USD
$0.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Earn bonus by investing over $10k!
6 days agoYou can earn a bonus on your investment by investing more than $10k in revolutionary engine technology in a wide range from space vehicles to airplanes, from drones to helicopters.
🚀 Over $140k raised and still climbing
8 days agoDetonation Space is fast moving towards its next milestone of $250k.
We are working very hard as a team these days. Together with Starburst SCALE Aerospace Accelerator trainings and studies, we are improving our business model and accelerating our work.
I can say that our success is your success. We are confident that we will succeed together!
Best
Umit Yelken, CEO
SpaceTech Q3 Report: SpaceTech is a very attractive investment area for both private and institutional investors
18 days agoAccording to the SpaceTech Analytics 2021 Q3 report, the Space Technologies sector could represent a $10T opportunity by 2030.
Full Report: https://www.spacetech.global/spacetech-industry-q3-2021
With the acceleration of space studies day by day, there have been great increases in the valuation of companies working on space technologies. As Detonation Space, we work on combustion engines, which are the heart of space technologies, and try to come up with innovative studies to increase our valuation in this sector.
Nice explanation video by Scott Manley about detonation engines
26 days agoI would like to share a good explanation video about detonation engines with you. Detonation Space is working day and night to produce technology that is high-thrust and capable of meeting the needs of the space industry.
That's rocket science! Watch the pre-detonator test.
27 days agoWatch the pre-detonator test we developed for the Lundet-7 engine. We are moving towards our goal at full speed.
$125k and Climbing!
29 days agoWe have already raised $125k and it is climbing!
If you haven’t invested in Detonation Space yet and would like to own a part of our company, you can find out more here: www.startengine.com/detonationspace
Here are some reasons to be a part of our family
- Detonation engines provide increased efficiency by changing the properties of combustion.
- Compared to conventional rocket engines or aircraft engines, they are much lighter and consume much less fuel.
- This means that faster vehicles can be designed using our engines, their range can be increased or their payload capacity can be increased.
- Detonation Space is a company that set out to commercialize the technology of detonation engines.
I wish you all a happy day with your family.
Umit, CEO
🚀🚀🚀 Good News from the Pre-detonator Engine Tests
about 1 month agoOur tests have been going on for a while. There are very good developments in pre-detonator tests. We are sure that we will achieve great things together with you, our investors!
🚀 Has been accepted to the SCALE Aerospace Accelerator program run by Starburst with University of California Los Angeles!
about 1 month agoWe are very excited to announce that Detonation Space has been accepted into Starburst's Aerospace Accelerator Program run with UCLA! We are very happy that being a part of this community will take our work to a higher level.
Starburst is a highly networked accelerator program that enables aerospace startups to commercialize their technologies and increase the availability of their products, brings startups together with investors and institutions, and tries to reveal innovative technologies.
About Accelerator: https://starburst.aero/accelerator-program/
About Starburst: https://starburst.aero/about/
Preparation for tests!
about 1 month agoDetonation Space is busy these days with the productions required for tests. We use many methods such as welding, 3D metal printing technology, 5-axis CNC machining, lathe. We also produced our control unit circuit boards to perform the tests.
Don't be late to become an investor of Detonation Space!
$112K and Climbing!
about 1 month agoWith rapid acceleration, our investment reached $112k! I invite you to read some of our blog posts to understand Detonation Space's novel technology better.
How will Detonation Space’s engine technology affect the future? Read More
Cheaper, lighter, more efficient space missions with a Rotating Detonation Engine by Detonation Space. Read More
Detonation Space aims to be a game-changer in the space industry thanks to its new generation engines!
Best
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