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Lockheed Martin Ventures invests in Helicity Space to support the development of fusion engines for spaceflight

Apr 02, 2024over 1 year ago

Round Type

seed

PasadenaAviation & Aerospace

Investors

Lockheed Martin Ventures

Description

Lockheed Martin Ventures has made an investment in Helicity Space, a California startup focused on developing fusion engines for spaceflight. The investment is seen as crucial for the future of deep space travel and is expected to support Helicity's testing and development efforts.

Company Information

Company

Helicity Space

Location

Pasadena, California, United States

About

Helicity Space develops critical propulsion and power technology necessary for enabling humanity's expansion into the solar system. Based on rigorous science and modern technologies, our unique Helicity Drive magneto-inertial fusion technology is innovative, compact, and realistic.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers