The founders of Morpheus Space want to use the money to ramp up production. In addition, the propulsion systems of the satellites are to be improved.
Dresden. The Dresden-based space launch company Morpheus Space has completed its first round of financing. According to the company, the investors include the venture capital company In-Q-Tel of the American secret service CIA. This was first reported in the Wirtschaftswoche. In addition to In-Q-Tel, Vsquared Ventures, Lavrock Ventures, Airbus Ventures and Techstars are also joining the startup. Morpheus Space did not give any information about the exact amount of the cash injection.
Stable partners in turbulent times.
“We are more than thrilled to close our funding round with an incredibly strong syndicate, especially in these difficult times. I believe such times bear enormous potential for disruption and we are excited to herald the second phase of the NewSpace revolution with Morpheus Space,” said CEO and co-founder Daniel Bock. In addition, Richard V. Spencer joins the fast-growing team on the Board of Directors, Bock said. Spencer served as Secretary of the Navy until the end of 2019 under U.S. President Donald Trump and in July 2019 as U.S. Secretary of Defense on an interim basis.
In 2020 Morpheus Space won the first price of the “Sächsischer Gründerpreis” (Saxon Founding Competition) of Futuresax.
Propulsion systems receive autopilot
István Lőrincz, President and co-found…