Hacker Interstellar Inc. IPO - What You Need to Know (Preliminary Guide - February 12, 2026)

Considering an investment in Hacker Interstellar Inc.'s upcoming stock offering? This guide, based on a preliminary filing from February 12, 2026, offers a clear breakdown of the company. Some details are still being finalized, but we'll help you understand Hacker Interstellar in plain language to make an informed decision, cutting through the financial jargon.

1. What does this company actually do? (Business Description)

Imagine a company making space accessible for businesses, not just governments or the super-rich. Hacker Interstellar Inc. builds and operates advanced spacecraft and develops cutting-edge technology, enabling other companies to conduct operations in space. This includes launching satellites for internet providers, establishing communication networks for remote areas, or even exploring resources on other planets for future industries. Essentially, Hacker Interstellar acts as a space infrastructure company, helping others build their businesses off-Earth.

It's crucial to understand your investment structure: you would buy shares in Hacker Interstellar Inc., a legal entity established in the Cayman Islands. However, its daily business operations are managed by its subsidiary, Hacker Interstellar HK Limited, based in Hong Kong. Therefore, your investment is in the Cayman Islands holding company, not directly in the Hong Kong operating business.

2. How do they make money, are they growing, and what are their key financials? (Financial Highlights)

Hacker Interstellar generates revenue primarily by charging other companies for its space services, which include:

• Launch services: The company earns fees for sending satellites or other payloads into orbit.
• In-orbit services: This involves maintaining or refueling satellites already in space, and potentially removing space debris.
• Data and exploration services: Hacker Interstellar sells data gathered from its space missions and offers specialized exploration services for clients seeking specific resources.

The booming space industry has fueled Hacker Interstellar's significant growth. Here’s a snapshot of its recent financial performance:

• Revenue:
  • 2024: $150 million
  • 2025 (estimated): $250 million (a 67% year-over-year increase)
• Net Income (Loss):
  • 2024: -$50 million (loss)
  • 2025 (estimated): -$30 million (loss, showing improving profitability despite heavy investment in growth)
• Cash and Cash Equivalents (as of December 31, 2025): Approximately $80 million.

The company has secured larger contracts and expanded its spacecraft fleet, demonstrating a strong upward trend in sales and operations. However, it currently reinvests heavily, leading to net losses as it scales.

3. What will they do with the money from this IPO? (Use of Proceeds)

An Initial Public Offering (IPO) allows a company to raise substantial capital. Hacker Interstellar plans to raise approximately $360 million to $440 million from this IPO, primarily funding the growth of its Hong Kong operating subsidiary. The company will allocate these funds across several key areas:

• Approximately 45% for Fleet Expansion & Infrastructure: This allocation will support building more advanced rockets and spacecraft, and expanding ground station capabilities to meet increasing demand and broaden service offerings.
• Approximately 35% for Research and Development (R&D): Given the constant evolution of space technology, these funds will develop newer, more efficient propulsion systems, AI-driven orbital maintenance solutions, and advanced data analytics platforms.
• Approximately 10% for Talent Acquisition: This portion will fund hiring top engineers, scientists, and operational staff to support ambitious projects and expand technical expertise.
• Approximately 10% for General Corporate Purposes and Working Capital: These funds will support day-to-day operations, potential strategic partnerships, and maintain financial flexibility.

4. What are the main risks I should worry about? (Risk Factors)

Every investment carries inherent risks, and an IPO can be particularly volatile. Consider these key factors, especially concerning Hacker Interstellar:

• Technical Challenges & Operational Failures: Space operations are inherently difficult. Rocket failures, satellite malfunctions, or mission delays can be costly, damage reputation, and jeopardize future contracts.
• Intense Competition: The space industry features well-funded, established players and numerous new entrants. Hacker Interstellar must continually innovate and execute effectively to maintain its competitive position.
• High Capital Costs & Profitability: Developing and launching spacecraft is extremely expensive. While revenue grows rapidly, the company is not yet profitable. There is no guarantee it will achieve profitability or generate positive cash flow in the future.
• Market Volatility: The stock market itself can be unpredictable. Even if Hacker Interstellar performs well, a general market downturn could negatively affect its stock price.
• Dependence on Key Personnel: The company's success relies heavily on its experienced leadership team and highly specialized engineers. Losing key individuals could significantly impact operations and innovation.
• Intellectual Property Protection: Protecting proprietary technologies and trade secrets is crucial. Inadequate protection, particularly across different jurisdictions, could allow competitors to replicate innovations.
• Future Dilution: The company may need to raise additional capital through future stock offerings, which could dilute the value of existing shares. Employee stock option plans also represent potential future dilution.

Crucial Additional Risks Specific to Hacker Interstellar's Structure and Location:

• Holding Company Structure & Indirect Ownership: As an investor, you purchase shares in a Cayman Islands holding company, not directly in the Hong Kong operating business. Your investment's value thus depends entirely on the Cayman company's ability to control and receive funds (such as profits or dividends) from its Hong Kong subsidiary. Legal and regulatory hurdles could impede this flow of funds.
• The Hong Kong/China Connection – A Significant and Evolving Risk: This represents a paramount risk. Although Hong Kong maintains its own legal system, its status as a Special Administrative Region of the People's Republic of China (PRC) means the evolving legal and regulatory environment in mainland China could significantly impact Hacker Interstellar's Hong Kong operations.
  • Potential for PRC Intervention: The PRC government has increased its oversight of companies, particularly those based in China or Hong Kong that list overseas. It could intervene in or influence Hacker Interstellar's operations at any time, even if the company is not directly in mainland China. This could lead to major operational changes or even completely prevent the company from offering shares to investors.
  • Evolving Regulations: While no explicit PRC laws currently require approval for this specific overseas listing, the regulatory landscape is rapidly changing. New laws or interpretations could emerge, potentially requiring Hacker Interstellar to obtain approvals it does not currently possess or restricting its business. Should this occur, the company's operations could face severe limitations, and the value of your shares could significantly decline or even become worthless.
  • Cash Flow Restrictions: Hong Kong currently has no capital controls. However, there is no guarantee that PRC laws will not restrict the movement of money into or out of Hong Kong in the future. Such restrictions could prevent the Hong Kong operating company from remitting funds (like profits or dividends) to the Cayman Islands holding company, thereby impacting the holding company's ability to pay dividends or fund other operations.
• Different Corporate Governance Rules (Foreign Private Issuer Status): As a company incorporated in the Cayman Islands, Nasdaq classifies Hacker Interstellar as a "foreign private issuer." This status allows the company to follow some of its home country's (Cayman Islands) corporate governance rules instead of all of Nasdaq's stricter requirements. For instance, it may not need to file quarterly reports with the SEC, potentially offering less frequent financial updates than a U.S. company. While Hacker Interstellar currently plans to adhere to most U.S. rules, it could utilize these exemptions in the future, which might provide shareholders with fewer protections or less transparency than they would receive from a U.S. company listed on Nasdaq.
• No Dividends Expected: The company has not paid dividends to its shareholders historically and plans to retain all future earnings to reinvest in business growth. Therefore, investors should not anticipate regular cash payouts from this investment in the foreseeable future.

5. How do they compare to competitors I might know? (And what's their edge?) (Competitive Landscape)

When considering space companies, names like SpaceX (Elon Musk's company) or Blue Origin (Jeff Bezos's company) often come to mind. Hacker Interstellar operates within a similar, yet often more specialized, segment of the space industry.

• SpaceX is renowned for its reusable rockets and ambitious Mars plans. While Hacker Interstellar may compete in specific launch services, its focus often lies in more niche in-orbit services and data solutions for commercial clients.
• Blue Origin also targets reusable rockets and space tourism. Hacker Interstellar differentiates itself by emphasizing automated, commercial infrastructure over human spaceflight.

Hacker Interstellar positions itself as a key player in the "picks and shovels" aspect of the space economy, providing essential tools and services for others to thrive in space. Its competitive edge stems from proprietary AI-driven orbital maintenance systems and advanced modular spacecraft designs, which offer more cost-effective and adaptable solutions for commercial clients compared to larger, more generalized space providers.

6. Who's running the company? (Management Team)

The leadership team is vital for any company's success. Hacker Interstellar is led by Dr. Anya Sharma, a visionary with a strong background in aerospace engineering and over 15 years of experience in the space technology sector, including founding a successful satellite communications startup. She has assembled a team of experienced engineers, scientists, and business leaders with proven track records in the space and technology sectors. Their collective expertise and vision drive the company forward.

While this preliminary guide names the CEO, a typical F-1 filing would provide more comprehensive details on other key executive officers and board members. The full filing would generally include:

• Chief Financial Officer (CFO): Responsible for the company's financial strategy, reporting, and capital management.
• Chief Technology Officer (CTO): Oversees the company's technological development and innovation roadmap.
• Chief Operating Officer (COO): Manages the company's day-to-day operations and ensures efficient execution of business strategies.
• Board of Directors: Information on the board's composition, including independent directors, their qualifications, and committee assignments.

The company didn't provide specific names or detailed backgrounds for these additional roles in this preliminary filing. A full F-1 filing would typically offer more comprehensive information here.

7. Where will it trade and under what symbol? (Offering Details - Ticker Symbol)

Upon completion of the IPO, Hacker Interstellar's stock will list on the Nasdaq Capital Market. Its ticker symbol, serving as its market identifier, will be SOUD. Investors will use this symbol to search for and purchase shares. The offering's closing is contingent upon the shares qualifying for listing on a national exchange.

8. How many shares and what price range? (Offering Details - Shares, Price Range)

The company plans to offer approximately 20 million shares to the public during this IPO. It expects each share to be priced between $18 and $22. This pricing range indicates the company aims to raise between $360 million and $440 million before deducting underwriting discounts and other offering expenses. Remember, these numbers are preliminary, and the actual opening price could be higher or lower based on investor demand.

This guide aims to provide a clearer understanding of Hacker Interstellar Inc. and its IPO. Always remember that investing carries inherent risks. We advise you to conduct your own thorough research and consider your personal financial situation before making any investment decisions.