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Portal Space Systems raises undisclosed venture funding for its ultra-mobile Supernova spacecraft

Apr 30, 2024over 1 year ago
BothellAerospace

Investors

Unnamed Backers

Description

Portal Space Systems has raised an undisclosed amount of venture funding for the development of its ultra-mobile Supernova spacecraft. The Supernova satellite bus is designed to revolutionize in-space transportation and maneuverability, with a focus on responsiveness and agility to support national security missions.

Company Information

Company

Portal Space Systems

Location

Bothell, Washington, United States

About

Portal Space Systems is a Seattle-based space start-up solving the need for mobility in space. Our flagship product, the Supernova satellite bus, is engineered for rapid and long-range in-space maneuverability. Our payload-agnostic, 500 kg spacecraft features a novel solar-thermal propulsion system, which enables a remarkable six km/s delta-v, a 50X improvement over existing products on the market. The company was founded in 2021 by industry leader Jeff Thornburg, alongside COO Ian Vorbach and VP of Engineering Prashaanth Ravindran. We are on a mission to empower the next generation of space operators to maintain space superiority.

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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