ion engines

Accion Systems raises $42 million in Series C to accelerate development of 4th-gen propulsion system

Space propulsion developer Accion Systems has closed its most significant funding round yet. The company raised $42 million in a Series C led by Tracker Capital, bringing its valuation to $83.5 millio

Magdrive secures seed funding for new propulsion system which could take us to the stars

A startup with a new type of spacecraft propulsion system could make the interplanetary travel seen in “Star Trek” a reality. Magdrive has just closed a £1.4 million seed round led by Fou

Orbion raises $9.2M to mass-produce plasma thrusters for small satellites

Michigan-based startup Orbion has secured $9.2 million in Series A funding, which it will use as it undertakes the mass-produced manufacturing of its plasma thrusters for use in small satellites. Orbi

Accion Systems raises $7.5 million in Series A to accelerate production of miniature space thrusters

Accion Systems, the company developing miniature space propulsion systems, has raised $7.5 million in Series A funding led by Shasta Ventures. RRE Ventures, Founder Collective, and Slow Ventures also

Next-gen Ion engine twice as powerful and efficient

This isn’t really new, but it’s certainly awesome. You read that right, an ion engine. It’s not just a science fiction trope, it’s a real thing. Ion engines produce very little