What Happened
Space Investing Surges as Satellite Deployments Accelerate
Impulse Space, a startup founded by SpaceX’s first employee Tom Mueller, has raised $500 million in a Series D funding round, valuing the company at $4.26 billion. The funding round, co-led by 137 Ventures and Banner VC, highlights strong investor appetite for companies building infrastructure for the next phase of the commercial space economy. Impulse develops orbital transfer vehicles and propulsion systems designed to move satellites more quickly once they are already in space. The company has flown three missions so far and secured hundreds of millions of dollars in customer contracts. This development was first reported by Reuters.