USA – Ursa Major, a Berthoud, Colorado-based rocket propulsion company, raised $138M in Series D and D-1 funding.
The investments were led by Explorer 1 Fund and Eclipse, and included RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders. The company intends to use the funds to develop Lynx, its new solid rocket motor (SRM) program, while scaling production capacity and advancing multiple propulsion programs. Led by CEO and founder Joe Laurienti, Ursa Major is an independent rocket propulsion provider and a player in building the defense industrial base in the United States. It provides reusable, high-performing propulsion systems to commercial space enterprises, defense contractors, and the Department of Defense for launch, hypersonics, and national security missions. The propulsion systems are manufactured using 3D printing for scalable production, which save customers an average of five years and $50m compared to building propulsion in-house. 30/11/2023
