Morpheus Space, a company specializing in electric propulsion systems for space applications, has secured $15 million in strategic funding. The investment will support the expansion of the company’s mass-production capabilities.
The additional capital aims to enhance Morpheus Space’s ability to meet growing demand for its advanced propulsion technology, enabling faster delivery and broader adoption in the space industry.
**Why this matters**
This funding round highlights increasing interest in innovative space mobility solutions as satellite and space mission activities expand. Scaling production capacity is crucial for meeting market needs and advancing the development of in-space propulsion technologies.
Source: NewsData