S3 Plans IPO

Swiss_Space_Systems_logoPAYERNE, Switzerland, March 12th, 2015 (S3 PR) – Swiss Space Systems (S3) announced last September negotiations with investors. This process was a success and will conclude with an Initial Public Offering (IPO) to come later in 2015, enabling S3 to consolidate its financial status and to grow in order to reach its goals.

Before its Initial Public Offering, Swiss Space Systems wishes to give the opportunity to the general public to take part in this unique entrepreneurial space adventure. 5% of the equity will be opened, with 1% to be distributed to its employees. S3 will later on give the opportunity to the general public to enter its equity, up to 4%.

Firstly, 4000 “Gold” packs will be sold, giving access to a “Party Zone” ZeroG flight* at a reduced price for the 2nd semester of 2016. Secondly, 800 “Platinum” packs will be sold giving access to 2 ZeroG flights at a special price, a “Premium” ZeroG flight* for the 2nd semester 2016, including the exclusive S3 Breitling watch, as well as a 2nd ZeroG flight in the “Party Zone” for the 2nd semester 2016 as well.

One month before the IPO, S3 will give the possibility to the purchasers of these packs to convert their Party Zone flight into 500 shares of the company transferred by Pascal Jaussi, founder of S3. The opening of this unique offer will be on March 12th at 18:00 PM (CET) and will only last a couple of days. This special offer is linked the 2nd anniversary of S3 coming up this Friday March 13, 2015.

Swiss Space Systems (S3) has the objective to develop, build, certify, and operate suborbital shuttles for the deployment of satellites up to 250 kg beginning in 2018. The Swiss company is developing an airborne satellite launching system that is flexible and affordable, in order to meet the growing demand for the launch of small satellites or constellations of small satellites, among others, for high resolution imagery or communications.

S3 will also operate Zero gravity flights onboard its modified Airbus carrier-aircraft, whose modifications will be finished this summer, giving the possibility to almost anyone to have the experience of weightlessness, like an astronaut in space. This young aerospace company approached investors in 2014 in order to increase its capital and to open a part of the equity of its underlying companies. This is a process aimed at continuing its growth and pursuing the next steps of its program, concluding with an Initial Public Offering (IPO) to come in the course of this year.

A unique opportunity to be a part of the S3 adventure

Swiss Space Systems (S3) wants to take this opportunity to open its equity to its employees, who played a major part in this unique challenge to fund a private space company in Europe. S3 also wants to give the possibility to its fans and the general public who follow the company, especially in the Western part of Switzerland where S3 is based, to be a part of this venture. This is why S3 is organizing a special sale of Zero gravity flights with S3 giving the possibility to convert it into shares of the company.

S3 will offer two subscription packs:

« Gold »: 4000 vouchers at a unit price of 1’399 CHF inc. VAT for a Party Zone ZeroG flight* to be conducted in the 2nd semester 2016 at a reduced price (instead of 2’500 CHF)

« Platinum »: 800 vouchers at a reduced unit price of 6’999CHF incl. VAT (instead of 8’500 CHF) for a Premium Zone ZeroG flight* to be conducted in the 2nd semester 2016, including the exclusive S3 Breitling watch, as well as a Party Zone ZeroG flight

One month prior to the Initial Public Offering, the buyer of one of the packs will be asked whether he or she wants to fly his Party Zone ZeroG flight or wants to convert his ticket into 500 shares.

The sale of these packs, with a total amount of more than 10 mio CHF, will be opened on the www.spaceforall.com website on March 12 at 18:00 PM (CET) and will only last a couple of days. This operation also marks the 2nd anniversary of S3’s founding on March 13. The 1% minority equity participation of the employees will be effective on March 13.

The shares of S3 will be an exciting investment. The company is active in ZeroG flights and is finishing the development of a suborbital shuttle for the launch of satellites, with first commercial launches scheduled for 2018 and 2019. The market of small satellites is growing, bound for impressive growth estimated at over $ 240 billion by 2020, and S3 is well positioned to become a world leader thanks to its reusable, safe, flexible and affordable system. An external and independent body estimates the value of S3 at 120 mio CHF, based on a weighted average cost of capital (WACC) of 15% and an operating margin of 30%, under low projections. The valuation of the company will take place again in months prior to the Initial Public Offering in 2015, in order to determine the nominal share price.

As Pascal Jaussi, founder and CEO of S3 outlines: “I look forward to giving the opportunity to the community, which follows, encourages and supports S3, to be an integral part of our adventure. I had been receiving many requests from people wishing to invest small amounts into our company and I’m happy to now give them this opportunity. This is also a concretization of our vision of Space for all, since we don’t limit the equity of S3 to large investors, instead opening the possibility to almost anyone.”

* Party Zone: this is the most affordable ZeroG flight ever offered, so that almost anyone can live the experience of weightlessness, like an astronaut in space. The Party Zone experience consists of a flight onboard an wide-body Airbus aircraft, specially modified for these parabolic flights. 15 parabolas, each providing between 20 and 25 seconds of weightlessness, are performed in the course of a 90 minute flight. Normal Price: 2’500 CHF

*Premium Zone: in this zone, each passenger has more room to experience weightlessness. The Premium Zone experience also includes an exclusive Breitling S3 black titanium chronograph watch.
Normal Price: 6’000 CHF