Former SpaceX Engineer's Impulse Space raises $300 million to expand space tug fleet

-Impulse Space, a space technology startup developing orbital transfer vehicles commonly known as “space tugs,” has raised $300 million in a late-stage funding round led by Linse Capital, bringing the company’s total funding to $525 million.

Led by Tom Mueller, a founding employee at Elon Musk’s SpaceX, Impulse Space is creating spacecraft designed to transport satellites between different orbital positions to meet growing demand for orbital logistics services.

WHY IT’S IMPORTANT

As SpaceX’s Starship and Blue Origin’s New Glenn approach operational status, industry experts anticipate a surge in rideshare missions.

These launches place multiple satellites on single rockets, often requiring space tugs to deliver them to precise orbits.

CONTEXT

The funding positions Impulse Space to add