- The extension brings the round total to $808 million
- Impulse named Adam Townsend its first chief financial officer
- The company holds a position on the Space Force’s NSSL Phase 3 Lane 1 contract
Impulse Space has raised a $308 million extension to its Series D round, bringing the total to $808 million.
Existing investors 137 Ventures, BANNER VC, DFJ Growth, Linse Capital, Lux Capital and Valor Equity Partners participated, Impulse Space said Wednesday. The capital will support product development and hiring initiatives.
The company also announced the appointment of Adam Townsend as its first chief financial officer. He joins from VIZIO, where he served as CFO and head of human resources operations through the company’s initial public offering and sale to Walmart, and previously held finance roles at CBS, Showtime Networks and E*TRADE Financial.
“With a strong and growing backlog of contracts, a recently closed $500M Series D and today’s announced $308M Series D Extension, combined with a team of veteran engineers building some of the most reliable systems in the industry, Impulse is exceptionally well positioned to lead as the space economy scales,” Townsend wrote in a LinkedIn post.
What Government Work Does Impulse Space Hold?
The Space Force selected Impulse for its National Security Space Launch Phase 3 Lane 1 contract in July, making the company the first upper stage prime awarded a position in the program, Via Satellite reported.
Space Systems Command awarded Impulse and Relativity Federal $5 million firm-fixed-price task orders for risk and capability assessments, bringing the Lane 1 roster to seven providers. The Space Force raised the contract’s ceiling from $5.6 billion to $17 billion later that month.
Impulse received a $28 million Small Business Innovation Research Phase III contract extension in August from Space Systems Command’s Space Safari Office covering the VICTUS SALO 2 and VICTUS SALO 3 missions. That work builds on an existing contract supporting VICTUS SALO 1 and VICTUS SURGO.
What Does Impulse Space Build?
The company’s product line covers Mira, a spacecraft for precision maneuvering; Helios, a high-energy kick stage; and Caravan, a rideshare program. Impulse recently introduced Electra, an electric propulsion system, alongside its chemical propulsion engines.
Mira offers up to 850 meters per second of delta-v for a 100-kilogram payload using eight Saiph thrusters. Helios is designed to move payloads from low Earth orbit to higher orbits in less than a day, working with a medium-lift launch vehicle.
“Impulse is building the infrastructure for a new era of in-space mobility — Mira, our flight-proven orbital transfer vehicle, has already demonstrated record-breaking maneuverability on orbit, and Helios, our high-energy kick stage, is set to open up fast, affordable access to GEO, cislunar space, and beyond when it debuts next year,” Townsend said.
