Impulse Space, a space logistics startup, has secured an impressive $45 million in its Series A funding round, with RTX Ventures leading the investment. RTX Ventures is the venture capital arm of RTX Corp., formerly known as Raytheon Technologies. The funding will enable Impulse Space to propel its mission to provide efficient and cost-effective space logistics solutions.
Established in 2021, Impulse Space is dedicated to delivering a range of services in the low Earth orbit (LEO) and aims to expand its offerings to destinations like the geostationary equatorial orbit (GEO), the moon, and Mars. The company’s services include in-space transit, bespoke orbits, in-space payload accommodation, and space asset realignment.
Impulse Space’s successful funding round will support its mission objectives, including projects such as LEO Express-1, a GEO refueling endeavor, and a forthcoming mission to Mars. The company plans to develop its most substantial vehicle to date called Helios, which will facilitate direct missions to the geostationary equatorial orbit without requiring a geostationary transfer orbit.
Founder and CEO of Impulse Space, Tom Mueller, expressed his gratitude for the support from RTX Ventures and emphasized the confidence the investment firm has in Impulse’s trailblazing technology. The funding from RTX Ventures aligns with their investment strategy of supporting companies that provide breakthrough technologies disrupting the aerospace, defense, and commercial aviation sectors. RTX Ventures President and Managing Director, Daniel Ateya, highlighted that the investment will fuel innovation within the space economy.
With this significant funding injection, Impulse Space is well-positioned to continue its mission and create innovative solutions in the space logistics industry. As the company progresses, it aims to provide agile and economic logistics services in any orbit, reflecting its ambition to revolutionize the sector.
