GET A PIECE OF PRIME LIGHTWORKS
Green Hydrogen Rocket Launch
$23,953.65 Raised
REASONS TO INVEST
Extraordinary potential of clean spaceflight: We believe our integrated H2 propulsion technology is at the nexus of two burgeoning industries (aerospace and renewable energy) with global applications well beyond the $5.7B annual satellite launch industry.*
Commitment to Earth and our environment: The satellite industry is growing rapidly, and we must address the resulting pollution. In our view, fully reusable launch vehicles using green H2 fuel could eliminate emissions and waste from satellite launches.
Proven aerospace industry experience: Founded by former SpaceX engineers, Prime Lightworks has already raised $2.9M+ in seed funding from Y Combinator, Angel Investors, and StartEngine, and now we are ready for more.
the pitch
Founded by former SpaceX engineers with decades of experience in the field, we believe the Prime Lightworks system may generate a revolutionary advantage in spaceflight environmental and planetary sciences, enabling clean orbital launch by developing a fully reusable satellite rocket launch vehicle based on renewable natural resources that do not produce greenhouse gas emissions. By investing in Prime Lightworks, you could help advance the green movement of the aerospace industry, while holding equity in an innovative company that could soon establish itself in a flourishing multibillion-dollar market.
Updates Since Our Last Raise...
OVERVIEW
Investigating the Future of Renewable Aerospace Propulsion Based on Green H2 Fuel
*Image Courtesy of NASA
At Prime Lightworks, we are building a prototype hydrogen rocket engine combining green hydrogen fuel and launch vehicle reusability to reduce the environmental impact of satellite launches. We will test at our new facility at Brunswick Landing in Maine, with support from Maine Technology Institute and Midcoast Regional Redevelopment Authority.
Our Founder & CEO, Kyle Flanagan, has a wealth of experience from Harvard, CERN, Caltech/JPL, and SpaceX, having been entrenched in this world for years. Our strategy in the near-term is to identify a vendor of green hydrogen for initial testing, while our long-term strategy is to purchase green hydrogen generation infrastructure so we can produce our own propellant at the launch site.
THE PROBLEM & OUR SOLUTION
Eliminating Emissions and Waste from Satellite Launches
The current growth in satellite launches is causing a rapid increase in greenhouse gas emissions and waste. The average rocket launch using kerosene fuel emits 336 metric tons of CO2. Over 27,000 pieces of orbital debris, or “space junk”, are tracked by the Department of Defense (DOD) Space Surveillance Network (SSN), posing a catastrophic risk to satellites and spacecraft. (source, source)
Our plan is to create a sustainable and reusable rocket launch platform by integrating a variety of already existing technologies including green H2 generation, storage, and combustion. The use of green hydrogen as rocket fuel will eliminate CO2 emissions from propellant generation, while full vehicle reusability will mitigate orbital debris from launch vehicle waste.
Our beachhead market will be sales of orbital rocket launch services to SmallSat manufacturers and operators with environmental missions, such as Earth observation, weather monitoring, and climate science, who may be eager to launch on a green platform. In the long term, we believe supporting full launch vehicle reusability with green hydrogen generation infrastructure may further drive down the price of SmallSat launches as we phase out the growing waste from expendable launch vehicles and the rising price of fossil fuel extraction.
THE MARKET & OUR TRACTION
The Global Satellite Launch Services Market is a $5B+ per Year Industry
The global space launch services market was valued at $5.7 billion in 2021, and is predicted to grow to $14 billion by 2029 at a CAGR of 12% (Source, Source). Small satellites account for nearly half the global launch market and 94% of all satellites launched last year. Over 1,700 satellites were launched in 2021, with another 11,000 satellites predicted to launch by 2030 (Source, Source).
Recently, we have achieved the following milestones:
- We’ve raised $2.9+ million in seed funding from Y Combinator, Angel Investors, and StartEngine
- Graduated from Cleantech Open Northeast 2022 Accelerator with support from Maine Technology Institute
- Relocated to 2,000 square foot facility at Brunswick Landing in Maine + TechPlace prototyping space
- Begun assembly of our prototype hydrogen combustion chamber system for static fire testing
WHY INVEST
Help Us Launch into the Future of Space
The vision of Prime Lightworks is to help satellite manufacturers and operators achieve zero emissions spaceflight by developing a fully reusable launch vehicle for small satellites using green hydrogen propellant. With your support, we plan to complete hydrogen rocket engine testing and arrange for launch vehicle testing, sub-orbital flight testing, and re-entry testing, as we prepare for our first pilot customer satellite launch. Join us in building a sustainable future where air and space transportation are fully renewable based on natural resources with zero emissions footprint. Thank you for believing in our mission – we truly appreciate your support!
ABOUT
HEADQUARTERS
47 Katahdin Dr
Brunswick, ME 04011
WEBSITE
View Site
Prime Lightworks is developing green hydrogen (H2) rocket engines for satellite launch vehicles that are fully reusable with zero carbon emissions. Our vision is to enable sustainable space travel with green H2 fuel for a circular clean aerospace economy.
TEAM
Kyle Bernard Flanagan
CEO, President, CFO/Treasurer, Secretary, Sole Director
Education: B.A. in Physics, Harvard University (2013)
Forbes 30 Under 30 Class of 2020 in Science
Kyle Flanagan worked as Electromagnetic Interference (EMI) & Survivability Engineer at SpaceX from 2013 to 2015. During that time, his responsibilities included power systems compatibility, grounding bonding shielding, and lightning/welding/ESD control programs for Falcon rocket and Dragon spacecraft. His prior research includes an internship with Harvard University for CERN ATRAP Antihydrogen Research and a fellowship with CalTech for NASA JPL Frequency & Timing Advanced Instrument Development Group. Full-time responsibilities include program management, science and engineering design, and business operations.
Mikhail Jackson
Operations Director, Software Developer
Education: B.S. in Earth Sciences Geology, University of New Hampshire (2017)
Mikhail Jackson has worked as Nuclear Radiation Safety Technician for the Department of Defense (DOD) at Portsmouth Naval Shipyard since 2018. His responsibilities during that time have grown to include spearheading innovation initiatives for technology integration to streamline workflow efficiency. “I love new exciting ideas, seeing them take shape and develop, and how they are fostered by Prime Lightworks. I also love raising a family, being a coach, shredding a snowboard, and playing music. My new infatuation is New England permaculture gardening methods.” Consulting responsibilities include operations management, test software development, and investor relations.
Simon James
Creative Director
Education: B.S. in Business Administration, Management & Marketing, University of Maine (2011)
Maine Top Scholar
In 2015, Simon James served as an Account Executive at Plixer International where he developed strategic marketing campaigns and managed a business development team for international enterprise sales. During that time, he was responsible for creating the most successful email campaign in the company's 10-year history (highest impression rate) and closed deals with several of North America's top universities and Fortune 500 companies. In 2018, he served as a design apprentice to legendary designer Glen Halliday of Kids Crooked House and :GHDESIGNCO where he was responsible for brand/logo design and web development for US clients. In 2020, he founded GoodBoy Design, a graphic design and marketing firm. In 2023, he joined the Prime Lightworks consulting team to provide creative direction for branding design and brand messaging.
TERMS
Prime Lightworks
Overview
PRICE PER SHARE
$3.28
DEADLINE
Apr 12, 2023
VALUATION
$19.64M
FUNDING GOAL
$10k - $3.93M
Breakdown
MIN INVESTMENT
$249.28
MAX INVESTMENT
$999,999.84
MIN NUMBER OF SHARES OFFERED
3,049
MAX NUMBER OF SHARES OFFERED
1,198,170
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Loyalty Bonus | 10% Bonus Shares
As you have previously invested in Prime Lightworks or are in our Friends & Family Network, you are eligible for additional bonus shares.
Time-Based Perks:
Ultra Early Bird Bonus
Invest within the first 7 days and receive 20% bonus shares.
Super Early Bird Bonus
Invest within the first 14 days and receive 10% bonus shares.
Early Bird Bonus
Invest within the first 30 days and receive 5% bonus shares.
Amount-Based Perks:
$500+ | Tier 1
Receive 1% bonus shares & Stickers w/ Company Logo.
$1,000+ | Tier 2
Receive 2% bonus shares & Flashlight w/ Company Logo.
$2,500+ | Tier 3
Receive 3% bonus shares & Baseball Cap w/ Company Logo.
$5,000+| Tier 4
Receive 5% bonus shares & Tumbler w/ Company Logo + Name Etched on Prototype.
$10,000+ | Tier 5
Receive 10% bonus shares & Backpack w/ Company Logo + Name Etched on Prototype.
$25,000+ | Tier 6
Receive 20% bonus shares & Visit to HQ in Brunswick, ME + Name Etched on Prototype.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Prime Lightworks Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $3.28 / share, you will receive 110 shares Common Stock, meaning you'll own 110 shares for $328. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
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 canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.
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: Inter company debt or back payments. Vendor payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”.
PRESS
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
JOIN THE DISCUSSION
0/2500
W Kim Colich
7 months ago
Hi, I see no mention of patents. What protections do you have for this technology you are developing? Thanks. Blessings
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Nicholas Marino
7 months ago
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