Space PropulsionFund II
Leading innovator in in-space chemical propulsion solutions. Vertically integrated propulsion design, manufacturing, integration, and test facilities.
At a Glance
Latest Round$17M Series A (2026)
Founded2016
HeadquartersDurango, CO
Latest MilestoneFeb 2026: Closed oversubscribed $17M Series A led by Caruso Ventures
Quick Facts
SectorSpace Propulsion
VVC FundFund II
Founded2016
HeadquartersDurango, CO
StatusActive
Sector Context
Why Space Propulsion matters.
The in-space propulsion market is projected to exceed $15B by 2030, driven by satellite constellation proliferation and the need for orbital maneuvering, debris mitigation, and space logistics.
Funding History
Series A
$17M2026Oversubscribed, led by Caruso Ventures
Seed
$13M2023Lockheed Martin Ventures
Key Milestones
Feb 2026: Closed oversubscribed $17M Series A led by Caruso VenturesSource
Jan 2026: Broke ground on $20M Space Test Center in Tulsa, OKSource
Aug 2025: Selected to provide propulsion for The Exploration Company’s Nyx spacecraftSource
Oct 2024: Reached Top 5 at TechCrunch Disrupt Space ChallengeSource
Sep 2024: Lockheed Martin Ventures led further investment roundSource
Mar 2024: Awarded SpaceWERX SBIR Phase 2 for Mobile Payload Processing CenterSource
In Action
Agile Space Industries / Capabilitiesvia Agile Space Industries
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