Portal Space Systems raises $17.5 million for highly maneuverable Supernova spacecraft

Portal Space Systems raises $17.5 million for highly maneuverable Supernova spacecraft

Portal Space Systems has raised $17.5 million in a seed round that will allow the venture to develop and demonstrate a highly maneuverable spacecraft. The post Portal Space Systems raises $17.5 million for highly maneuverable Supernova spacecraft appeared first on SpaceNews.

Portal Space Systems Raises an Amazing $17.5 Million in Seed Funds

Portal Space Systems raised $17.5 million in one of the biggest early financing rounds for a space firm in the last ten years to fund the construction and demonstration of its first Supernova spacecraft. The round was led by AlleyCorp, with Mach33, FUSE, First In, TFX, Offline Ventures, and Atypical also participating. Champagne Supernova: Since its establishment in 2021, Portal has had a hectic few years. The first of the company’s in-house th…

On April 3, Portal Space Systems announced that it has raised $17.5 million in an expanded seed round of funding. The funds will be used to complete development of the Supernova spacecraft, which is powered by a solar thermal propulsion (STP) system, and to prepare for its first demonstration launch, scheduled for mid-2026. Supernova’s key innovation is its use of STP, a technology that... The post Portal Space Systems Raises $17.5 Million to De…

Spacecraft Developer Portal Space Raises $17.5 Million In Seed Round - Defense Daily

Startup satellite developer Portal Space Systems on Thursday said it raised $17.5 million in an oversubscribed seed round that will support the full-scale demonstration of its Supernova multi-role, transorbital spacecraft […]

Portal raises $17.5M for spacecraft powered by sun’s heat

Bothell, Wash.-based Portal Space Systems says it has raised $17.5 million in seed funding to accelerate the development of its Supernova space vehicle, which aims to harness the heat of the sun to power rapid-response maneuvers in orbit. The oversubscribed investment round was led by AlleyCorp, with participation from Mach33, FUSE, First In, TFX, Offline Ventures. Atypical and other strategic investors. Portal said the funding will support the …

Former SpaceXer brings in largest space seed round for next generation spacecraft

Jeff Thornburg, former SpaceX VP that oversaw the development of Starship‘s Raptor engine, announced today that his company, Portal Space...