Space Traveler Shark Tank Update

Space Traveler Shark Tank Pitch

Krissy Pruske and Rachel Lincoln appeared on Shark Tank Season 11, Episode 15, which aired on March 13, 2020, with kids car seat divider cover that gives your children their own space while on long car trips.

Space Traveler is listed in the Travel Auto category. In plain terms, the business is described as kids car seat divider cover that gives your children their own space while on long car trips.

Space Traveler asked the Sharks for $100,000 for 33%, implying a valuation of about $303,030.303.

On the show, Space Traveler made a listed deal with Barbara Corcoran for $100,000 for 33% + $2 royalty until $100,000 is repaid.

If treated as straight equity, the listed deal works out to about $303,030.303 implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

Space Traveler After Shark Tank

Space Traveler accepted an on-air Shark Tank deal for $100,000 for 33% + $2 royalty until $100,000 is repaid, but follow-up reporting says the deal did not close after filming. (Space Traveler Shark Tank Update

In December, 2020, they sold out of all their initial inventory. (Space Traveler Shark Tank Update

By July, 2021, the products were still listed as "sold out" on their website. (Space Traveler Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches