Lockheed Martin invests in rotating detonation rocket engine startup Venus Aerospace
The venture capital division at Lockheed Martin, which has previously invested in a number of aerospace startups, has now invested in the rocket engine startup Venus Aerospace, which is developing a new radical design called a rotating detonation rocket.
Venus Aerospace, based in Houston, Texas, has developed a rotating detonation rocket engine (RDRE) — a propulsion system that uses a continuously rotating detonation shockwave to generate thrust, promising more efficiency than conventional rocket engines. The company completed the first U.S. flight test of a 2,000-pound-thrust RDRE in May, launching the engine on a small rocket at Spaceport America in New Mexico. This engine could be used to replace solid rocket motors to power munitions and rockets, Sassie Duggleby, co-founder and chief executive of Venus Aerospace, said at Axios “Future of Defense” conference.
The amount of Lockheed Martin Ventures’ investment was not disclosed. Duggleby said the funding will “advance our capabilities to deliver at scale and deploy the engine.”
Venus Aerospace has already raised more than $100 million in private investment capital. This new influx from an established big space player will certainly strengthen its financial position.
Lockheed Martin has previously invested in rocket startups Rocket Lab, ABL, Orbex, and X-Bow. It has also invested in the orbital tug startup Orbit Fab, the orbital capsule company Inversion Space, and the satellite startup Terran Orbital, which it ended up buying entirely.
The venture capital division at Lockheed Martin, which has previously invested in a number of aerospace startups, has now invested in the rocket engine startup Venus Aerospace, which is developing a new radical design called a rotating detonation rocket.
Venus Aerospace, based in Houston, Texas, has developed a rotating detonation rocket engine (RDRE) — a propulsion system that uses a continuously rotating detonation shockwave to generate thrust, promising more efficiency than conventional rocket engines. The company completed the first U.S. flight test of a 2,000-pound-thrust RDRE in May, launching the engine on a small rocket at Spaceport America in New Mexico. This engine could be used to replace solid rocket motors to power munitions and rockets, Sassie Duggleby, co-founder and chief executive of Venus Aerospace, said at Axios “Future of Defense” conference.
The amount of Lockheed Martin Ventures’ investment was not disclosed. Duggleby said the funding will “advance our capabilities to deliver at scale and deploy the engine.”
Venus Aerospace has already raised more than $100 million in private investment capital. This new influx from an established big space player will certainly strengthen its financial position.
Lockheed Martin has previously invested in rocket startups Rocket Lab, ABL, Orbex, and X-Bow. It has also invested in the orbital tug startup Orbit Fab, the orbital capsule company Inversion Space, and the satellite startup Terran Orbital, which it ended up buying entirely.









