Impulse Space, Inc., a pioneer in developing in-space transportation services for the inner solar system, has announced the successful completion of its Series A funding round, raising an impressive $45 million. Leading the round is RTX Ventures, the venture capital arm of RTX (NYSE: RTX), underscoring their confidence in Impulse Space’s trailblazing technology and its mission to revolutionize space logistics.
Founder and CEO of Impulse Space, Tom Mueller, expressed his enthusiasm for the company’s future with the support from RTX Ventures. He emphasized that this significant investment further propels Impulse Space towards realizing its goal of providing agile and cost-effective logistics services in any orbit within the solar system.
The Series A funding round witnessed an overwhelming response, resulting in oversubscription. Impulse Space intends to channel these funds towards the development of its groundbreaking project, the Helios kick stage. This cutting-edge vehicle is poised to be the company’s largest yet, facilitating direct missions to Geostationary Equatorial Orbit, effectively eliminating the need for a Geostationary Transfer Orbit.
RTX Ventures’ President and Managing Director, Daniel Ateya, highlighted the firm’s investment philosophy, which focuses on backing companies that offer disruptive technologies in the aerospace, defense, and commercial aviation sectors. The infusion of capital from RTX Ventures is expected to accelerate Impulse Space’s growth and drive innovation within the burgeoning space economy.
Joining RTX Ventures in the Series A funding round are other prominent investors such as Founders Fund, Lux Capital, Airbus Ventures, and Space Capital. The collective support from these investors further validates the immense potential of Impulse Space’s services and technology.
Founded in 2021, Impulse Space aims to revolutionize space logistics with its agile and cost-effective solutions. Focusing initially on Low Earth Orbit (LEO), the company’s services include in-space transportation to custom orbits, in-space payload hosting, and space asset repositioning, including deorbiting. Looking ahead, Impulse Space envisions extending its services to cater to all classes of payloads, even reaching distant destinations such as Geostationary Equatorial Orbit (GEO), the Moon, and Mars.
Impulse Space’s successful Series A funding round marks a significant step forward in the development of in-space transportation services. With the support of prominent investors and their unwavering commitment to innovation, Impulse Space is poised to shape the future of space logistics and exploration, making space missions more efficient and accessible than ever before.
