In-Q-Tel, Airbus, Techstars Invest in Cubesat Propulsion Tech Maker Morpheus Space

In-Q-Tel, Airbus, Techstars Invest in Cubesat Propulsion Tech Maker Morpheus Space

Morpheus Space, a space technology startup based in Germany, secured funding from investors such as In-Q-Tel and Airbus’ venture capital arm to support expansion efforts in the U.S., Defense One reported Wednesday.

Morpheus plans to drive production of its spacecraft propulsion products in Germany while expanding its market footprint through offices in Los Angeles and the East Coast.

The company, headquartered in Dresden, offers electric thrusters designed to power nanosatellites and prevent collisions with debris during space missions.

Previously, Morpheus provided six of its thrusters for two university-developed satellites. The thrusters were able to maneuver a 10-cenimeter cube satellite away from a decommissioned Iridium-built spacecraft, according to the report.

Istvan Lorincz, chief business officer and cofounder of Morpheus, said the cubesat is the first of its kind to feature electric propulsion elements.

In addition to In-Q-Tel and Airbus Ventures, Morpheus also received funding from Techstars, Pallas Ventures, Lavrock Ventures and VSquared Vetures.

You may also be interested in...

Fluor

Fluor to Compete for Tasks on GSA’s OASIS Contract; Tom D’Agostino Quoted

Fluor holds a five-year position to compete for task orders in multiple professional service areas under the General Services Administration's One Acquisition Solution for Integrated Services contract vehicle.

Damon Griggs CEO Dovel Technologies

Dovel Creates Advisory Board, Names New Leadership; Damon Griggs Quoted

Dovel Technologies has created an advisory board and appointed skilled leadership to provide guidance for the company’s strategic plan to drive innovation, customer success and employee growth. "I am thrilled these well-known leaders have chosen to join Dovel's Advisory Board," said Damon Griggs, Dovel CEO.

MC-130J Airlifter

Lockheed, USAF to Enter Airlifter Munition Delivery Project’s Fourth Phase

Lockheed Martin received a $25M contract to help the U.S. Air force assess the feasibility of deploying weapons through an airlifter under the fourth phase of USAF's Palletized Munitions Experimentation Campaign.