Orbite Space, a venture that aims to offer down-to-Earth spaceflight training programs on a “try before you fly” basis, is raising more capital amid the company’s preparations for an expansion of operations.
The financial arrangements were reported this week in a filing with the Securities and Exchange Commission.
In the filing, Orbite reports an equity offering of $6.775 million and says that $2.725 million of the offering has already been sold. The company says those amounts include the conversion of previously issued convertible securities. So far, seven investors have taken part in the offering, according to the SEC filing.
