Orion Span was a startup aerospace company based in California that planned to develop and operate the Aurora Space Station, a luxury space hotel in low Earth orbit. The company aimed to offer space tourism experiences, zero-gravity research, and in-space manufacturing opportunities. Orion Span planned to host tourists who would participate in the station's operation, witnessing multiple sunrises and sunsets daily and conducting research experiments. However, the company ceased operations before bringing its ambitious plans to fruition.
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If Orion Span closed the offering, it planned to spend $85,000 on offering expenses and allocate about 30 percent of remaining funds to a ground-based model of the station and another 30 percent to general expenses, per its Form C filing.
Orion Span sold $50,000 of convertible notes in October 2018 to fund general operating expenses.
Orion Span sought to raise as much as $2,000,000 through an equity crowdfunding campaign on the SeedInvest platform in December 2018.
Orion Span’s Form C filing required raising at least $25,000 under the Regulation CF Offering and a total of $1,000,000 under the Combined Offerings by 2019-02-01 for the offering to close.
An Internet Archive capture on 2019-01-26 shows Orion Span’s crowdfunding campaign had raised $235,700.
Orion Span’s Regulation CF campaign raised $225,700 by 2019-01-25, according to an archived SeedInvest page captured hours before the campaign deadline.
Frank Bunger, chief executive and founder of Orion Span, estimated the Aurora station could be built for $65,000,000.
Orion Span had $998.86 in cash and two employees as of 2018-09-30, according to its SEC Form C filing.
Orion Span sought to place a single-module space station called Aurora into orbit by 2022 capable of hosting six people at a time.