Morpheus Space, a company specializing in electric propulsion systems for space applications, has secured a $15 million strategic investment. The funding will support the expansion of the company’s mass-production capabilities for its advanced in-space mobility technologies.
The investment aims to accelerate the development and manufacturing scale-up of Morpheus Space’s propulsion solutions, enabling broader deployment in satellite and space missions. The company is based in Dresden, Germany, and focuses on innovative propulsion technologies for the space industry.
**Why this matters**
Increasing production capacity for electric propulsion systems is critical as demand for efficient and reliable in-space mobility grows. This investment positions Morpheus Space to meet market needs and contribute to advancements in satellite maneuverability and space operations.
Source: NewsData