Accelerate Development of Orbital Service Vehicles With an Eye On Mars
Jul 28, 2023
Washington, D.C — Pallas Ventures, a dual use venture capital firm specializing in national security and innovation, announced today an investment in Impulse Space, a disruptive space technology company
that builds last-mile payload delivery to custom orbits and distant destinations. The oversubscribed $45M Series A Round led by RTX Ventures comes after market and technology advances by the company.
Impulse Space provides agile, economical space logistics services. With a near-term focus on Low Earth Orbit (LEO), services include in-space transportation to custom orbits, in-space payload hosting, and space asset repositioning, including deorbiting. In the long-term, Impulse will offer services for all classes of payloads to distant destinations such as Geostationary Equatorial Orbit (GEO), the Moon, and Mars.
Impulse Space will leverage the funding to speed development of their suite of orbital service vehicles. Later this year, Impulse Space will launch the Mira space vehicle for a LEO mission. The company also recently announced their plans to conduct the first ever commercial landing on Mars, which is slated to launch in 2026. “At Pallas Ventures we look for innovative teams that are dedicated to supporting national security missions. Impulse Space is one of those special teams and we are excited to partner with them as they fundamentally change the way we think about space mobility and logistics,” said Richard Spencer, Managing Director of Pallas Ventures. “The space sector continues to be integral to U.S. strategic advantage and we are excited to support Impulse Space on their journey.“
Barry Matsumori, COO of Impulse Space, said, “We are pleased to have Pallas Ventures join us on our journey to revolutionize space mobility and logistics. National security in space is an important market for Impulse Space and having a partner that is knowledgeable of the ecosystem will ensure we both support national needs.”
The Series A funding round also included other participant investors, such as Founders Fund, Lux Capital, Airbus Ventures, and Space Capital.
About Pallas Ventures
Pallas Ventures, a dual use venture capital firm, partners with innovative companies developing break-through technology with compelling national security applications. With each investment, we provide immediate value – leveraging decades of experience garnered from both defense and corporate enterprises to provide strategic insight to our portfolio partners. Our network brings to bear invaluable experience at the highest levels of the federal government and the U.S. military, offering the entrepreneurs we partner with a wealth of resources at a critical stage in the life of their companies.
About Impulse Space
Founded in 2021, Impulse Space is providing agile, economical space logistics services. With a near-term focus on Low Earth Orbit (LEO), services include in-space transportation to custom orbits, in-space payload hosting and space asset repositioning series including deorbiting. Long-term, Impulse will offer services for all classes of payloads to distant destinations such as Geostationary Equatorial Orbit (GEO), the Moon, and Mars.