Space technology firm Impulse Space secures $45m in Series A funding round

Pallas Ventures, a venture capital firm focused on national security and innovation, has invested in Impulse Space, an innovator in space technology that provides last-mile payload delivery to custom orbits and distant destinations. This investment is part of an oversubscribed $45 million Series A round led by RTX Ventures and comes on the heels of significant market and technological advancements by Impulse Space.

Impulse Space is renowned for its economical and agile space logistics services, focusing on Low Earth Orbit (LEO). These services include in-space transportation to custom orbits, in-space payload hosting, and repositioning of space assets. In the future, the company plans to extend its services to deliver all classes of payloads to distant destinations such as the Geostationary Equatorial Orbit (GEO), the Moon, and Mars.

The Series A funding will be leveraged by Impulse Space to accelerate the development of their orbital service vehicles. Later this year, the company plans to launch the Mira space vehicle for a Low Earth Orbit mission and has also announced plans for the first-ever commercial landing on Mars, set to launch in 2026.

Richard Spencer, Managing Director of Pallas Ventures, expressed excitement about the partnership with Impulse Space, hailing it as a team dedicated to supporting national security missions and changing the face of space mobility and logistics.

Barry Matsumori, COO of Impulse Space, welcomed the partnership with Pallas Ventures, underscoring the importance of the space sector for national security and the value of a knowledgeable partner to support national needs.

Other notable investors in the Series A funding round included Founders Fund, Airbus Ventures, Lux Capital, and Space Capital, signifying broad interest and confidence in Impulse Space’s mission and potential.