Apollo Fusion Raises $10 million to Ramp Production of Satellite Thrusters

ACE thruster firing (Credit: Apollo Fusion)

MOUNTAIN VIEW, Calif. (Apollo Fusion PR) — Satellite propulsion company Apollo Fusion recently closed their Series B round of $10 million from Reid Hoffman from Greylock Partners. Reid Hoffman, also the co-Founder of LinkedIn, has joined Apollo Fusion’s Board of Directors.

Apollo’s mission is to help “enable the second space race” with a new satellite propulsion system that delivers 3 times more total impulse per kg (or per volume) than existing propulsion systems on the market.

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A Video Look Dawn’s Innovative Ion Propulsion System

Video Caption: Ion propulsion isn’t something found only in science fiction. JPL engineer Mike Meacham looks at how ion engines are being used to drive NASA’s Dawn spacecraft through the solar system. Dawn is approaching dwarf planet Ceres in the main asteroid belt with arrival expected in March 2015. Previously, Dawn orbited Vesta, the second-largest body in the asteroid belt. Learn how ion propulsion works and why it’s the reason Dawn will be the first spacecraft ever to orbit two solar system bodies beyond Earth. More about Dawn at: http://dawn.jpl.nasa.gov/