Impulse Space, a Redondo Beach, CA-based company which specializes in the development of in-space transportation services for the inner solar system, raised $45M in Series A funding.
The round was led by RTX Ventures, the venture capital arm of RTX (NYSE: RTX), with participation from Founders Fund, Lux Capital, Airbus Ventures and Space Capital.
Founded in 2021, by CEO Tom Mueller, Impulse Space is providing agile space logistics services. With a near-term focus on Low Earth Orbit (LEO), services include in-space transportation to custom orbits, in-space payload hosting and space asset repositioning services including deorbiting. Long-term, Impulse will offer services for all classes of payloads to distant destinations such as Geostationary Equatorial Orbit (GEO), the Moon, and Mars.
The company intends to use the funds to continue its progress with its work in upcoming missions, such as LEO Express-1, a GEO refuel mission and the upcoming mission to Mars. Specifically, this funding will support the development of its largest vehicle yet, called Helios. The Helios kick stage enables direct to Geostationary Equatorial Orbit missions, thus bypassing the need for a Geostationary Transfer Orbit.
FinSMEs
24/07/2023