Home / Business and Economy / Impulse Space Lands $500M for Space Mobility
Impulse Space Lands $500M for Space Mobility
2 Jun
Summary
- Impulse Space secured $500 million in Series D funding.
- Funding aims to hire up to 200 new employees for space tech.
- Company developing Mira spacecraft for U.S. Space Force buyers.
Impulse Space, a startup founded by SpaceX engine expert Tom Mueller, announced a substantial $500 million Series D funding round this week. This significant investment, led by 137 Ventures and BANNER VC, will fuel the company's expansion, with plans to hire as many as 200 new employees.
The new capital will be instrumental in building and testing more advanced space vehicles. Impulse Space is focused on in-space mobility, developing platforms like Mira for U.S. Space Force buyers and the Helios vehicle for rapid satellite deployment to high orbits.
President and COO Eric Romo emphasized the company's commitment to hiring skilled aerospace talent, acknowledging the high demand in the industry. He also discussed the evolving role of AI, noting that while software teams utilize AI coding tools, deep learning models are not yet sufficient for solving complex real-world engineering challenges in hardware design.
Impulse Space is preparing for another launch of its Mira spacecraft, following a successful third flight late last year that experienced a navigation system issue. A new Mira mission is anticipated to launch before the end of the year, demonstrating the company's ongoing progress and commitment to its in-space mobility goals.
