Impulse Space Secures $45M in Series A Funding Round

Rhea-AI Summary

Impulse Space, a leader in in-space transportation services, has raised $45 million in its Series A funding round. The round is led by RTX Ventures, with participation from other investors such as Founders Fund and Airbus Ventures. The funding will support the development of Impulse's largest vehicle, Helios, and upcoming missions to Mars and GEO refueling. RTX Ventures believes that Impulse Space's technology has the potential to disrupt the aerospace, defense, and commercial aviation sectors.

Positive

• Impulse Space secures $45 million in Series A funding round led by RTX Ventures
• Funding will support the development of Impulse's largest vehicle, Helios
• Upcoming missions to Mars and GEO refueling
• Investment from RTX Ventures will fuel innovation within the space economy

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• None.

A leader of in-space transportation services raises capital investment from lead investor RTX Ventures

REDONDO BEACH, Calif.--(BUSINESS WIRE)-- 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.

About Impulse Space

Founded in 2021, Impulse Space is providing agile, economical 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. For more information, visit www.impulsespace.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230724644959/en/

Impulse Media Contact:

Valerie Christopherson and Karen Sorenson

Global Results Comms (GRC)

impulse@globalresultspr.com

+1 949 608 0276

Source: Impulse Space, Inc.

FAQ

Who led the Series A funding round for Impulse Space?

RTX Ventures led the Series A funding round for Impulse Space.

What will the funding be used for?

The funding will be used to support the development of Impulse's largest vehicle, Helios, and upcoming missions to Mars and GEO refueling.

Which sectors does RTX Ventures believe Impulse Space's technology can disrupt?

RTX Ventures believes that Impulse Space's technology has the potential to disrupt the aerospace, defense, and commercial aviation sectors.

Which other investors participated in the funding round?

Other investors such as Founders Fund and Airbus Ventures also participated in the funding round.