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Benchmark Space Systems, a Vermont-based developer of in-space propulsion products, has raised $33.2 million in new funding.

Benchmark Space Systems, a Vermont-based developer of in-space propulsion products, has raised $33.2 million in new funding, according to a filing with the U.S. Securities and Exchange Committee. The Series B capital will be used to help the company manufacture at-scale and deliver on the more than 220 propulsion systems in its backlog, Benchmark CEO Ryan McDevitt told TechCrunch. To further boost its manufacturing capabilities, Benchmark also just moved into a new 40,000-square-foot office, testing and production space in Burlington, Vermont.

Benchmark signs contracts for metal plasma thrusters Benchmark Space Systems announced contracts to sell around two dozen metal plasma thrusters based on technology the Burlington, Vermont-based startup acquired last year.

And Rep. Stephanie Murphy (D-Fla.) won’t run for reelection.

A local company's technology launching into space The first launch of Benchmark Space System's propulsion took off Thursday aboard a SpaceX Falcon 9 rocket. Share Updated: 10:41 PM EDT Jul 2, 2021 A local company's technology launching into space The first launch of Benchmark Space System's propulsion took off Thursday aboard a SpaceX Falcon 9 rocket. Share Updated: 10:41 PM EDT Jul 2, 2021 Hide Transcript Show Transcript A PIECE OF VERMONT FLOATING AROUND IN SPACE... ONE LOCAL BUSINESS DESIGNING TECHNOLOGY. .. THAT could be CRITICAL IN HELPING SATELLITES PROPERLY...