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RocketStar Secures $2 Million in Seed Funding; Acquires Electric Propulsion Company

PRIVATEJan 17, 2024

Acquiring Company

RocketStar

Acquired Company

Miles Space

New YorkTampaSatellite CommunicationAviation & Aerospace

Description

RocketStar, Inc. has secured a $2 million seed investment and acquired Miles Space, Inc., a space propulsion and spacecraft manufacturer. This strategic move enables RocketStar to explore possibilities within the future of fusion propulsion and advanced aeronautics, and expands its suite of services with in-space propulsion technology and digital signal processing software for deep space communications.

Quick answer

RocketStar is acquiring Miles Space for $2 million, announced January 17, 2024. RocketStar is based in New York, United States.

How much did RocketStar pay for Miles Space?
The reported deal value is $2 million.
What does RocketStar do?
RocketStar, Inc. is a frontrunner in redefining the boundaries of space exploration and satellite services, and is recognized for their revolutionary, patent-pending Aerospike Engine, known for being reusable, reliable,..
Where are RocketStar and Miles Space based?
RocketStar is based in New York, United States. Miles Space is based in Tampa, Florida, United States.
Who are the decision-makers at RocketStar?
Fundz holds 1 contact at RocketStar. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Satellite Communication and Aviation & Aerospace

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

RocketStar

Location

New York, United States

About

RocketStar, Inc. is a frontrunner in redefining the boundaries of space exploration and satellite services, and is recognized for their revolutionary, patent-pending Aerospike Engine, known for being reusable, reliable, and affordable. RocketStar's mission is to democratize and open space for everyone and everywhere.

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Frequently asked

Who acquired Miles Space?

Miles Space was acquired by RocketStar, based in New York. The deal was reported on January 17, 2024. RocketStar, Inc. RocketStar is privately held and operates in Satellite Communication.

When did RocketStar acquire Miles Space?

RocketStar's acquisition of Miles Space was reported on January 17, 2024. RocketStar, Inc. has secured a $2 million seed investment and acquired Miles Space, Inc., a space propulsion and spacecraft manufacturer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Miles Space do?

Miles Space is an Aerospace company founded in 2016 born from the technology of winning the NASA CubeQuest Challenge, providing the future of communications and propulsion for space exploration. It is privately held, operating in Aviation & Aerospace, and is based in Tampa.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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