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

Jan 17, 2024•almost 2 years ago

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.

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed