Insider Brief:
- Impulse Space has secured US $45 million in its Series A funding round led by RTX Ventures.
- The company will be continuing its progress with its work in upcoming missions, such as a GEO refueling mission and the upcoming mission to Mars.
- The funding will support the development of Impulse’s largest vehicle yet, called Helios.
PRESS RELEASE — Redondo Beach, California / July 24, 2023 — Impulse Space, Inc. –a leader in the development of in-space transportation services for the inner solar system – today announced it has secured $45 million in its Series A funding round. The round is led by RTX Ventures, the venture capital arm of RTX (NYSE: RTX).
“With the support from RTX Ventures, Impulse Space continues on the path toward its mission to provide agile, economic logistics services in any orbit,” says 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 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.
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Contact Information:
Impulse Media Contact:
Valerie Christopherson and Karen Sorenson
Global Results Comms (GRC)
[email protected]
+1 949 608 0276
SOURCE: Impulse Space
Featured image: Orbital maneuvering vehicle. Credit: Impulse Space
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