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.
$114,453
raised
165
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Conventional Engine Tech is Outdated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.
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
USD
$0.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
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$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
$112K and Climbing!
3 days 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
Reasons to Invest
10 days agoThe need for engines in the space industry is increasing day by day. Detonation Space is targeting a huge $119.6 billion market.
Reasons to Invest in Detonation Space:
- Experienced Team: The Detonation Space team is an experienced team that has performed rocket engine tests before. The CEO of the company also has some published innovative work, such as igniting a rocket engine from the lunar soil.
- Novel Technology: Detonation engines, which are quite a novel technology, have recently been among the studies that institutions such as JAXA (Japan Aerospace Exploration Agency) and the US Air Force Lab have been working on intensively.
- Numerical Solver: Our team has developed an OpenFOAM-based solver that can make its own CFD solutions and performed some of the numerical work of the Lundet series engines in this solver.
- Huge Market: In the fast-growing space industry, Detonation Space targets a massive $119.6 Billion market.
We aim to produce efficient, lighter, engines with less pressurized requirements and present them to the world market.
You can invest in Detonation Space to take our side in this adventure.
Bank of America expects the space industry to triple to a $1.4 trillion market!
12 days agoAccording to Bank of America's expectations, the space industry can reach $1.4 trillion soon! Space studies are accelerating day by day. As a result of this acceleration, the need for rocket engines in the space industry is increasing day by day.
Source: https://www.cnbc.com/2020/10/02/why-the-space-industry-may-triple-to-1point4-trillion-by-2030.html
As Detonation Space, we are working to develop more efficient engines than conventional rocket engines to meet these needs and increase the payload capacity while making space missions cheaper.
Thanks to the thermodynamic cycle they use, our detonation-based engines provide an increase in efficiency far beyond mechanical improvements.
We invite you to take part in the developing space industry by investing in Detonation Space.
I would like to remind you that you can earn a bonus by investing more than $10k in Detonation Space. You can find the details of the perks below.
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)
Earn Bonus by investing over $10k!
16 days agoInvest over $10k in Detonation Space and get a bonus!
$100K and Climbing
18 days agoWith good acceleration, we reached our first milestone of $100K!
The fact that JAXA reached an altitude of 235 km using a detonation engine and some tests afterward is an indicator of the future of the technology we are working on. In this context, we would like to thank all our investors for their support in realizing our more efficient, lighter, and less complex engine technology that will change the rules of the game.
Now we have a competitor!
27 days agoAs you know, the Japan Space Agency (JAXA) recently launched a sounding rocket that reached an altitude of 235 km using the Pulse Detonation Engine. According to the news published yesterday, JAXA announced that they had performed a rotating detonation engine test in space for the first time. Even if the details are not clear yet, it is possible to say that we now have a competitor!
Studies on detonation engines are increasing. As Detonation Space, we sent our new test system to production for the Lundet-7 engine with 7kN thrust. We will do the tests very soon. We are developing our engine in accordance with the needs of the space industry. We are working hard to productize it.
Don't be late for rocket keychain!
29 days agoOur number of investors reached 128. Don't be late for the rocket keychain.
In order to thank our first 200 investors for their support, we are giving away a 3D printed rocket keychain with your name on it.
We invite you to change the rules in the space and aviation industry by investing in Detonation Space.
We have already raised $90k!
about 1 month ago
Detonation Space has gained rapid acceleration. Thank you to all our supporters for this. We will achieve great things together with you.
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.
- 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.
What Does It Mean to Reach Space Using the Detonation Engine?
about 1 month agoRecently, JAXA reached 235 km altitude with the S-520-31 sounding rocket using the Pulse Detonation Engine. So what does this mean for the aerospace industry?
As a result of the thermodynamic cycle of detonation engines, thermal efficiency increases of up to 30% can be achieved. Considering the payload carrying capacity of the rockets, it is seen that even a 1% increase in efficiency greatly increases the payload capacity.
JAXA made the following statement after the launch.
"This can significantly reduce overall weight and cost – a benefit its developers say could enable the production of engines just one-10th of the current size. "
Source: https://room.eu.com/news/japan-successfully-tests-rocket-engine-propelled-by-shock-waves
Lundet series engines, which Detonation Space is working on, are an even more efficient type of technology used by JAXA. Pulse Detonation Engine technology used by JAXA causes the thrust level to be restricted due to the frequency it can reach. Detonation Space's Lundet series engines, on the other hand, can achieve much higher frequency values due to the use of rotating detonation combustor. For this reason, the Lundet series engines can generate higher thrust at a smaller volume. Thanks to the technology we have developed, we can increase the payload capacity of rockets up to 2-3 times. This means a huge cost reduction.
We invite you to be among our supporters for the realization of this new technology.
Best regards
Umit Yelken, CEO
Notice of Funds Disbursement
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Detonation Space has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Detonation Space be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
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