Series A Funding Round Raises $45 Million for Impulse Space
In-space transportation services company Impulse Space has secured $45 million in its Series A funding round. The round was led by RTX Ventures, the venture capital arm of RTX.
“Our investment will help Impulse Space accelerate their growth and fuel innovation within the space economy.”
Daniel Ateya, RTX Ventures
“With the support from RTX Ventures, Impulse Space continues on the path toward its mission to provide agile, economic logistics services in any orbit,” said Impulse Space Founder and CEO Tom Mueller. “It speaks volumes that a leading investment firm is confident in the future of Impulse Space and its trailblazing technology.”
With an oversubscribed Series A funding round, Impulse Space will be continuing its progress with its work in upcoming missions, such as LEO Express-1, a GEO refueling mission and the upcoming mission to Mars. Specifically, this funding will support the development of Impulse’s 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.
“RTX Ventures invests in companies that we believe provide breakthrough technologies that disrupt aerospace, defense and commercial aviation sectors,” says President and Managing Director Daniel Ateya at RTX Ventures. “Our investment will help Impulse Space accelerate their growth and fuel innovation within the space economy.”
The Series A funding round also included other participant investors, such as Founders Fund, Lux Capital, Airbus Ventures and Space Capital.
The landmark hydrazine refueling mission demonstration in geostationary equatorial orbit (GEO) was awarded to Impulse Space by Orbit Fab in May. For the GEO refueling mission, an Impulse Space Mira orbital service vehicle will serve as a hosting platform for the Orbit Fab fuel depot set to replenish Space Force Satellites in 2025.
Founded in 2021, Impulse Space is providing agile, economical space logistics services with a near-term focus on Low Earth Orbit (LEO)
(Source: Impulse Space news release. Images from file)