What Happened
Houston Startup Expands Development of Rotating Detonation Engine
Venus Aerospace, a Houston-based propulsion startup, has raised $91 million in a Series B funding round to expand development and production of its rotating detonation rocket engine technology. The financing, led by Mercury Fund and including participation from Lockheed Martin Ventures, will support the company’s efforts to scale production of its engine, which is designed for hypersonic flight and space transportation. The engine, built from 3D-printed components and standard materials, is intended for a range of missions, including munitions, space launch vehicles, and lunar landers. This development was first reported by SpaceNews.