Impulse Space – a leader in developing in-space transportation services for the inner solar system – recently announced it secured $45 million in its Series A funding round. The funding round was led by RTX Ventures, the venture capital arm of RTX (NYSE: RTX).
With the 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. This funding will specifically support the development of Impulse’s largest vehicle yet called Helios. And the Helios kick stage enables direct to Geostationary Equatorial Orbit missions, thus bypassing the need for a Geostationary Transfer Orbit.
The Series A funding round also included other participant investors, such as Founders Fund, Lux Capital, Airbus Ventures, and Space Capital.
KEY QUOTES:
“With the support from RTX Ventures, Impulse Space continues on the path toward its mission to provide agile, economic logistics services in any orbit. It speaks volumes that a leading investment firm is confident in the future of Impulse Space and its trailblazing technology.”
— Impulse Space Founder and CEO Tom Mueller
“RTX Ventures invests in companies that we believe provide breakthrough technologies that disrupt aerospace, defense, and commercial aviation sectors. Our investment will help Impulse Space accelerate their growth and fuel innovation within the space economy.”
— President and Managing Director Daniel Ateya at RTX Ventures
