In a major breakthrough for the space technology sector, UK-based startup Magdrive has successfully raised $10.5 million in seed funding to accelerate the development of its advanced spacecraft propulsion systems. This significant investment signals growing confidence in the company’s potential to revolutionize satellite mobility and deep-space exploration. With an increasing demand for high-efficiency, low-cost, and sustainable propulsion solutions, Magdrive’s innovative technology could shape the future of space travel. The funding round, backed by leading investors, will support Magdrive’s ambitious plans to refine its technology, expand operations, and enter new markets, particularly in the United States.
Magdrive’s success reflects the broader trend of heightened investor interest in space startups,
