Lockheed Martin Ventures invests in rocket propulsion startup Venus Aerospace, advancing capabilities for scalable engine deployment.

Lockheed Martin Ventures has taken a strategic stake in Venus Aerospace, a startup focused on developing innovative rocket propulsion technologies. The funding aims to enhance the startup's engine deployment capabilities.

Sources:
SpaceNews
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Sources: SpaceNews
Lockheed Martin Ventures' recent investment in Venus Aerospace marks a significant advancement in rocket propulsion technology.
Venus Aerospace's innovative rotating detonation rocket engine (RDRE) aims to enhance efficiency and scalability in engine deployment.
Duggleby noted that the funding will "advance our capabilities to deliver at scale and deploy the engine."
Founded in 2020, Venus has now raised over $106 million in funding and previously received $3.9 million from state support to build a test facility in Houston.
Lockheed Martin recognizes the value of investing in early-stage transformational technologies.
Sources: SpaceNews
Lockheed Martin Ventures has invested in the rocket propulsion startup Venus Aerospace, announced on Oct. 22. The company, known for its innovative rotating detonation rocket engine, has now raised over $106 million in private funding as it aims to enhance scalable engine deployment capabilities.
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Key Facts
  • Lockheed Martin Ventures has taken a strategic stake in the rocket propulsion startup Venus Aerospace as announced on Oct. 22.SpaceNews
  • Venus Aerospace has developed a rotating detonation rocket engine (RDRE), which promises more efficiency than conventional rocket engines.SpaceNews
  • The amount of Lockheed Martin Ventures’ investment was not disclosed.
  • Duggleby stated that the funding will "advance our capabilities to deliver at scale and deploy the engine."SpaceNews
  • Founded in 2020, Venus Aerospace has raised more than $106 million in private funding to date.SpaceNews
Rocket propulsion startup Venus Aerospace announced Oct. 22 that Lockheed Martin Ventures has taken a strategic stake in the company.
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