Jun 4, 08:05 PM

Former SpaceX Engineer’s Impulse Space Raises $300 Million for DoD Needs; SES Seeks EU Approval for $3.1 Billion Intelsat Merger

Impulse Space, a South Bay-based startup founded by a former key SpaceX engineer, has raised $300 million in a Series C funding round led by Linse Capital. The company specializes in in-space propulsion and transportation systems, aiming to expand and develop new technology to meet Department of Defense needs. This fundraising contributes to a strong first half of 2025 for space-related capital raises, alongside other companies such as Stoke ($260 million), True Anomaly ($260 million), Apex ($200 million), and Loft ($170 million). Meanwhile, in Europe, satellite company SES is poised to receive unconditional European Union antitrust approval for its $3.1 billion acquisition of rival Intelsat. This merger is intended to create a major European competitor to Elon Musk's SpaceX-owned Starlink satellite network. Additionally, South Korea's Hanwha has divested its stake in Eutelsat, a European satellite operator that has been considered a key player in the competition against Musk's ventures. Separately, Praxis Network has proposed the development of Atlas, a defense-focused spaceport city on 3,850 acres of federal land at Vandenberg Space Force Base in California, which already hosts companies like SpaceX and Blue Origin. The proposed city aims to support space launches, autonomy development, and advanced technology infrastructure.

Written with ChatGPT (GPT-4).

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Former SpaceX Engineer’s Impulse Space Raises $300 Million for DoD Needs; SES Seeks EU Approval for $3.1 Billion Intelsat Merger

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