Series Aerospace I - SpaceX 

  Early Stage Capital  

  

  Aegis Capital  

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”).

Overview

Overview


A new exciting opportunity has been brought to Syndex by SternAegis Ventures, to participate in an investment intended to benefit from potential future appreciation in the value of securities of Space Exploration Technologies Corp., doing business as SpaceX. SternAegis Ventures, located in New York City, is the Private Equity Investment Banking Division of Aegis Capital Corp,. Aegis Capital Corp. is the investment advisor to the Aegis Special Situations QP Fund LLC (“Fund”) that will be the Fund used for this investment opportunity.


ABOUT SpaceX


​Space Exploration Technologies Corp., doing business as SpaceX (“SpaceX”), is a private American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by entrepreneur Elon Musk with the goal of reducing space transportation costs and enabling the colonisation of Mars. SpaceX has since developed the Falcon launch vehicle family and the Dragon spacecraft family, which both currently deliver payloads into Earth orbit.  


As one of the world’s fastest growing providers of launch services, SpaceX has secured over 100 missions to its manifest, representing over USD12 billion on contract. These include commercial satellite launches as well as US government missions. SpaceX’s Dragon spacecraft is flying numerous cargo resupply missions to the space station under a series of Commercial Resupply Services contracts. Dragon was designed from the outset to carry humans to space and will soon fly astronauts under NASA’s Commercial Crew Program.

Building on the achievements of Falcon 9 and Falcon Heavy, SpaceX is working on a next generation of fully reusable launch vehicles that will be the most powerful ever built, capable of carrying humans to Mars and other destinations in the solar system.


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. Before this latest round, SpaceX’s valuation had risen to USD33.3 billion, people familiar told CNBC in May.”


That article and other recent and relevant media coverage of past capital raises and business performance are referenced below.


https://www.nytimes.com/2016/09/28/science/elon-musk-spacex-mars-exploration.html

https://www.forbes.com/sites/greatspeculations/2018/05/30/whats-driving-spacexs-sky-high-valuation/#659fb672bde9

https://www.cnbc.com/2019/06/27/spacex-raising-300-million-more-in-third-funding-round-this-year.html


INVESTMENT STRUCTURE


The Fund is undertaking an Offering of Series Aerospace I Units at a purchase price of USD1.00 per Unit 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 in Series Aerospace I Units is expected to be USD15,000,000. The closing date for the Offering will be 31 July 2019. Proceeds, net of fees and commissions as set out in the Placement Memorandum (PM) will be used by the Fund to purchase Units in a third party Investment Vehicle [unrelated to SternAegis Ventures, which will use those proceeds to purchase additional shares of Series K Preferred Stock of SpaceX directly from SpaceX in a primary offering.


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 PM, pay a one-off Platform Fee as set out in the Athena Fee Agreement (AFM).


THE STERN AEGIS TEAM


The Stern Aegis team partners with entrepreneurs and early stage companies to bring ideas to life, endeavouring to create brands with long-term investment value. Stern Aegis then apply their expertise in capital raising and the introduction of strategic relationships to add further value to the investment.


Click on the Documents Tab to view the Series Aerospace I Summary Presentation. When you register interest you will be contacted by a representative from Stern Aegis Ventures and be provided access to the Aerospace Supplement No.1, the PM and the Athena Fee Agreement.


DISCLAIMER


This information is qualified in its entirety by, and should be read in conjunction with the Aerospace Supplement No.1 and 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.


Issue Type:
Early Stage Capital
Sector:
Technology
isEOI: true

Investment Details

Investment Type: Wholesale

Transaction Size:USD 15,000,000.00

Committed Capital: 

Pre-money valuation: 

Minimum Capital Raise:USD 15,000,000.00

Share Price:USD 220.12

Unit Price:USD 0.00

Minimum Investment Size:USD 30,000.00

Advisor

Aegis Capital Corp.

Website: https://www.aegiscapcorp.com/

Email:

Phone:+1 (212) 994 8988

Document Name Description Date Uploaded
QP Aerospace I Summary Presentation Presentation discussing the investment opportunity and structure of the QP Fund Series Aerospace 1 offer. 9 July 2019 Preview/Download
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