Magdrive Raises $10.5M to Advance Satellite Propulsion Systems
UK-based in-space propulsion company Magdrive has announced the closure of a $10.5 million (€9.99 million) seed round to advance its high-thrust electric propulsion technology. Founded in 2019, Magdrive is developing a range of high-thrust electric propulsion systems for satellites and spacecraft. The company is currently working toward an initial test flight of its Rouge thruster […]
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Published by European Spaceflight on 02/25/2025
