Magdrive Propels US Expansion With $10.5M Seed Round
Magdrive’s thruster uses electricity gathered from solar panels to turn its solid metal propellant into hot plasma, which is then ejected from the thruster to provide movement in microgravity.
VC/PE
Stories about how space companies are raising money to take on next-gen missions.
Karman+ Raises $20M For Asteroid Mining Demo
Multiple civil space agencies have made recent trips to asteroids. Karman+ is betting it can achieve similar results with drastically less capital.
K2 Space Raises $110M Series B
The company will hire more engineers to continue its “ruthless approach to driving down costs,” according to head of strategy John Plumb.
AscendArc Raises $4M for its Small GEO Sats
AscendArc emerged from stealth this morning with $4M in funding to develop small GEO communication satellites.
Spaceium Closes $6.3M Seed Round
Spaceium, an in-orbit refueling service, raised a $6.3M seed round led by Initialized Capital with participation from 15 additional VC firms and angel investors. The Y-Combinator-backed startup plans to use the funding to demonstrate its refueling technology in orbit and expand its team. “Fuel for spacecraft is a massive bottleneck in the industry,” Spaceium CEO […]
FUSE Launches Space-Focused VC Program
The new FUSE Space Program will invest $1M in early space companies. The CEOs of Quindar and Lumen Orbit will serve as scouts, helping to find founders and ideas that would make good investments.
Stoke Secures $260M Series C For Its 100% Reusable Rocket
Stoke Space raised $260M to continue developing its fully reusable Nova rocket and to complete the build out of its launch pad, the company announced yesterday.
CEO Tom Vice Is Out At Sierra Space
The unexpected retirement has Sierra searching for a new leader.
Synspective Goes Public on Tokyo Stock Exchange
The SAR data collector has plans for a thirty satellite constellation.
The Year in Commercial Space Hits and Misses
The best and worst of space technology in 2024.
Australian Space Geology Firm Raises $100M Series D
”[T]ier one mining companies are taking notice…now they’re looking to put their foot on the gas.”