Orbital tug startup Impulse Space raises $500 million in private investment capital
Impulse’s Helios tug, transporting its proposed
lunar lander to the Moon. Click for original image.
The orbital tug startup Impulse Space announced today that it has successfully raised $500 million in private investment capital.
The round was co-led by 137 Ventures and BANNER VC, bringing the company’s total capital raised to over $1 billion. The funding will support hiring and manufacturing growth as the company scales its effort to build in-space mobility infrastructure: the vehicles, propulsion systems, and operational architecture that determine where and how spacecraft move after launch.
The company was founded by Tom Mueller, who was one of SpaceX’s first employees and helped develop the Merlin engine used on the Falcon 9. It has a fleet of tugs, with its Mira tug having already completed a number of missions. Its larger Helios tug is scheduled for its first mission next year.
Hat tip reader Nate P.
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