Helio Corporation announced a new space‑based solar power (SBSP) program and a $20 million utility token offering on January 7, 2026. The company will issue the Mission Helio token to fund the design, manufacturing, and deployment of orbital solar‑energy platforms that capture sunlight beyond Earth’s atmosphere and beam it to terrestrial receivers. The token is a non‑dilutive financing tool that does not affect shareholder equity, allowing Helio to raise capital without issuing additional shares or debt.
Helio’s traditional business has focused on aerospace hardware and engineering services, generating $6.89 million in revenue for the full year ended October 31, 2024—a decline from $9.21 million the prior year—and a net loss of $1.86 million versus a net income of $0.025 million in 2023. The new SBSP initiative represents a strategic pivot toward a renewable‑energy platform that could diversify revenue streams and leverage Helio’s core engineering expertise. Management believes the initiative aligns with the company’s competencies and positions Helio to address the growing demand for clean, continuous energy.
The SBSP market is projected to grow from an estimated $634.9 million in 2024 to $1.05 billion by 2030, with a compound annual growth rate of 8.5%. Key competitors include Northrop Grumman, Boeing, and the Japan Aerospace Exploration Agency. Helio’s plan involves a phased roadmap: initial prototype satellites in 2027, demonstration of microwave power transmission in 2029, and commercial deployment by 2033. The company will invest in proprietary power‑transmission technology, ground‑station infrastructure, and intellectual property to secure a competitive edge.
The Mission Helio token is a utility token that grants holders access to the company’s SBSP ecosystem, including priority participation in future token sales and voting rights on certain operational decisions. The token does not represent equity, profit‑sharing rights, or claims on Helio’s assets. The $20 million offering will be conducted through a regulated initial coin offering (ICO) with a third‑party crypto marketing firm, and proceeds will be earmarked for hardware development, intellectual‑property acquisition, and infrastructure expansion. The tokenomics structure includes a capped supply of 100 million tokens, with 20 million allocated for the ICO and the remainder reserved for future ecosystem growth.
CEO Edward Cabrera, who took the helm on January 5, 2026, emphasized the importance of innovative financing: “Space‑based solar power aligns directly with our core competencies and engineering expertise. It enables us to address some of the most pressing challenges in the global renewable‑energy market while unlocking significant long‑term value for our shareholders.” CTO Gregory Delory added that “rapidly evolving launch economics, the maturation of low‑cost space systems, and emerging commercial space infrastructure are creating the perfect environment for space‑based solar power to become a viable solution for clean, reliable energy.”
The token offering and SBSP initiative come at a time when Helio’s financial performance has been under pressure. The company’s 2024 revenue decline and net loss underscore the need for new capital sources. By raising funds through a non‑dilutive token sale, Helio preserves shareholder equity while securing the capital required to pursue a high‑risk, high‑reward venture. The move signals management’s confidence in the long‑term potential of SBSP and a willingness to adopt unconventional financing mechanisms to support strategic growth.
The announcement has positioned Helio as a pioneer in the emerging SBSP sector, potentially opening new revenue streams and expanding its customer base beyond traditional aerospace clients. The company’s ability to execute the technical roadmap, secure regulatory approvals for power transmission, and manage token economics will be critical to realizing the projected market opportunity. Investors will closely monitor Helio’s progress on prototype development, partnership formation, and token performance as indicators of the initiative’s viability.
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