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Today's space propulsion systems are not equipped for our new era of space travel and operations. They usually fall into one of two camps: Chemical: Great for high thrust and manoeuvrability - but low efficiency and high cost when travelling longer distances. Electric: Efficient and great for long distances - but cannot deliver the thrust required for agile satellite operations or avoidance manoeuvres. Magdrive is using metal propellant to create a high energy plasma, in the world's first propulsion system that can do both. We backed Mark and Thomas in their first investment round back in 2020 - along with our friends at Entrepreneur First, Outsized Ventures, Founders Fund, and others. Having seen their first launch back in 2023, we can't wait to see bigger-and-bigger Magdrives enter orbit over the coming months and years, unlocking a huge array of in-space applications. #space #startup #propulsion #frontier

Akan Idaresit

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2mo

This is incredibly exciting news! The Magdrive propulsion system is a game-changer for the space industry. It's fantastic to see a breakthrough that addresses the limitations of traditional propulsion methods.

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