Author: Jane Edwards|| Date Published: July 25, 2023
Impulse Space has raised $45 million in a round of Series A financing led by the venture capital arm of aerospace and defense contractor RTX (NYSE: RTX)
The startup company said Monday it will use the money from the oversubscribed round to further develop Helios, its largest space vehicle designed to bring payloads directly to the geostationary equatorial orbit.
California-based Impulse Space also plans to advance its work on the GEO refueling mission, dubbed LEO Express-1, and its upcoming mission to Mars.
“Our investment will help Impulse Space accelerate its growth and fuel innovation within the space economy,” said Daniel Ateya, president and managing director at RTX Ventures.
Other investors that took part in the funding round are Founders Fund, Space Capital, Lux Capital and Airbus Ventures.
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