Magdrive
England, United Kingdom · Aerospace, Manufacturing, Satellite Communication
Magdrive is a startup focused on developing next-generation propulsion systems for spacecraft. The company aims to provide high-thrust electric propulsion solutions for various satellite sizes. With a commitment to research and development, Magdrive is working towards the first in-space tests of its innovative thrusters. Their technology targets the growing needs of the satellite constellations ma
Key facts
- Headquarters
- England, United Kingdom
- Employees
- 10
- Industries
- Aerospace, Manufacturing, Satellite Communication
- Status
- Private
- Website
- magdrive.space
- Company page
Recent activity at Magdrive
Magdrive funding history
| Date | Round | Amount |
|---|---|---|
| Feb 2025 | Seed | $8.3M |
Leadership
- Thomas Clayson, Chief Technology Officer
- Mark Stokes, Founder
Verified email and direct lines for Magdrive’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Magdrive in the news
- Magdrive’s plasma thruster proves its mettle in first orbital test - Aerospace America (Feb 19, 2026)
- Magdrive opens in-space propulsion test lab in UK - Aerospace Testing International (Feb 12, 2026)
- DEEP Lab, SCIF, and the future of UK electric propulsion - Innovation News Network (Jun 05, 2026)
- UK Space Agency investment helps launch cutting-edge electric propulsion lab - GOV.UK (Feb 06, 2026)
- Magdrive raises $10.5 million and opens U.S. office - SpaceNews (Feb 25, 2025)
- Magdrive Raises $10.5M to Advance Satellite Propulsion Systems - European Spaceflight (Feb 25, 2025)
- Redalpine, Founders Fund back Magdrive’s electric thruster business - TechCrunch (Feb 25, 2025)
- Scientists begin testing space thruster that could boldly go where no one has gone before - Phys.org (Sep 27, 2024)
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About Magdrive: questions and answers
What does Magdrive do?
Magdrive is a startup focused on developing next-generation propulsion systems for spacecraft. The company aims to provide high-thrust electric propulsion solutions for various satellite sizes. With a commitment to research and development, Magdrive is working towards the first in-space tests of its innovative thrusters. Their technology targets the growing needs of the satellite constellations ma
Where is Magdrive headquartered?
Magdrive is headquartered in England, United Kingdom.
How many employees does Magdrive have?
Magdrive has about 10 employees.
Has Magdrive raised funding?
Yes. Fundz has recorded 1 funding event for Magdrive. The most recent, Seed of $8.3M, was in Feb 2025.
Who leads Magdrive?
Mark Stokes is a Founder at Magdrive.
What is the latest news on Magdrive?
On Feb 25, 2025, Magdrive raised £8.3m in a seed funding round led by Redalpine to establish a US office and continue development of high-thrust electric propulsion systems.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy