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Ursa Major rakes in more cash. Aerospace and defense startup Ursa Major Technologies landed a $600 million valuation in a new fundraising round, the latest sign that investors are willing to back companies developing new rocket technology, Bloomberg reports. Colorado-based Ursa Major closed its Series E fundraising round with investments from the venture capital firms Eclipse, Woodline Partners, Principia Growth, XN, and Alsop Louie Partners. The company also secured $50 million in debt financing. Ursa Major is best known as a supplier of liquid-fueled rocket engines and solid rocket motors to power a range of commercial and government vehicles.
Hypersonic tailwinds … Ursa Major says it is positioned to provide the US industrial base with propulsion systems faster and more affordably than legacy contractors can supply. “The company will rapidly field its throttleable, storable, liquid-fueled hypersonic and space-based defense solution, as well as scale its solid rocket motor and sustained space mobility manufacturing capacity,” Ursa Major said in a press release. Its customers include BAE Systems, which will use Ursa Major’s solid rocket motors to power tactical military-grade rockets, and Stratolaunch, which uses Ursa Major’s liquid-fueled Hadley engine for its hypersonic Talon-A spaceplane.
Rocket Lab celebrates two launches in 48 hours. Rocket Lab launched a payload for an undisclosed commercial customer Thursday, just hours after the company announced plans for the launch, Space News reports. The launch from Rocket Lab’s primary spaceport in New Zealand used the company’s Electron rocket, but officials released little more information on the mission, other than its nickname: “Follow My Speed.” An artist’s illustration on the mission patch indicated the payload might have been the next in a line of Earth-imaging satellites from the remote sensing company BlackSky, although the firm’s previous satellites have not launched with such secrecy.
Two hemispheres … Thursday’s launch from the Southern Hemisphere came just two days after Rocket Lab’s previous mission lifted off from Wallops Island, Virginia. That flight was a suborbital launch to support a hypersonic technology demonstration for the Defense Innovation Unit and the Missile Defense Agency. All told, Rocket Lab has now launched 18 Electron rockets this year with 100 percent mission success, a company record.
