Orbital tug startup Impulse raises $300 million in private investment capital
Following several large contract announcements in recent weeks, the orbital tug startup Impulse has now raised an additional $300 million in private investment capital, in addition to the $150 million it raised last year.
Impulse plans to use the funding for several initiatives. One is to scale up production of its Mira and Helios vehicles to better meet demand for them. The company says it has more than 30 signed contracts for those vehicles, a backlog worth nearly $200 million. Romo said the company is seeing increasing demand for Mira, the smaller of the two vehicles, for defense applications.
The company was founded by Tom Mueller, who was one of the principal engineers during SpaceX’s development of the Falcon 9. Mira is the smaller of the two tugs, and has flown one demo mission. The larger Helios tug has not yet flown, but the company recently won a contract with the satellite company SES to use it.
The company has also said it is developing its own rocket, but I suspect its first launch that will come later.
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Following several large contract announcements in recent weeks, the orbital tug startup Impulse has now raised an additional $300 million in private investment capital, in addition to the $150 million it raised last year.
Impulse plans to use the funding for several initiatives. One is to scale up production of its Mira and Helios vehicles to better meet demand for them. The company says it has more than 30 signed contracts for those vehicles, a backlog worth nearly $200 million. Romo said the company is seeing increasing demand for Mira, the smaller of the two vehicles, for defense applications.
The company was founded by Tom Mueller, who was one of the principal engineers during SpaceX’s development of the Falcon 9. Mira is the smaller of the two tugs, and has flown one demo mission. The larger Helios tug has not yet flown, but the company recently won a contract with the satellite company SES to use it.
The company has also said it is developing its own rocket, but I suspect its first launch that will come later.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
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In fact, he was SpaceX employee #1!
(Just think about what his stock options ended up amounting to)
His stock options…I’m going to be sick.
“Oh, HealthSouth is where you should invest…”
Sigh
I can imagine lots of meetings happening at the MSFC, all of them titled “what are we gonna do when the gravy train stops running!?!”.