Impulse Space, a company at the forefront of in-space transportation, has successfully closed a significant Series C funding round, raising $300 million. This substantial investment, which brings the company’s total capital raised to $525 million, is set to dramatically accelerate its expansion and the development of cutting-edge in-space mobility technologies.
According to a report by Bloomberg, the funding round was led by Linse Capital. Bloomberg further mentioned that Impulse Space, spearheaded by Tom Mueller, a founding member and key engineer at SpaceX, is poised to capitalize on the increasing demand for its agile spacecraft, often referred to as “space tugs.” These vehicles are designed to transport satellites across various orbits efficiently and precisely.
SpaceNews, described the funding as a “preemptive” round, emphasizing its role in enabling the company to expand its operations and further develop technologies, including electric propulsion for extended missions. SpaceNews noted that this capital infusion will allow Impulse Space to scale its production of current vehicles like Mira and Helios to meet growing demand from commercial, defense, and civil sectors.
SatellitePro ME, highlighted that this $300 million Series C round represents one of the largest venture capital infusions in the history of the space industry. The publication emphasized that with over 30 signed contracts, collectively valued at nearly $200 million, Impulse Space plans to utilize the new capital to scale its operations and fulfill a rapidly expanding pipeline of missions that require faster, more agile, and cost-efficient in-space transportation solutions. The funds will also be directed towards expanding the company’s team across engineering, manufacturing, and mission operations, as well as advancing research and development for longer-duration missions and new vehicle designs for national security and NASA applications.
