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Magdrive secures Seed funding for new propulsion system which could take us to the stars TechCrunch 12/17/2020 Mike Butcher A startup with a new type of spacecraft propulsion system could make the interplanetary travel seen in Star Trek a reality. Magdrive has just closed a £1.4M seed round led by Founders Fund, an early investor in SpaceX, backed by Luminous Ventures, 7percent Ventures, and Entrepreneur First. Magdrive is developing a next generation of spacecraft propulsion for small satellites. The startup says its engine’s thrust and efficiency are a "generational lea...

Magdrive secures seed funding for new propulsion system which could take us to the stars A startup with a new type of spacecraft propulsion system could make the interplanetary travel seen in “Star Trek” a reality. Magdrive has just closed a £1.4 million seed round led by Founders Fund, an early investor in SpaceX, backed by Luminous Ventures, 7percent Ventures and Entrepreneur First. Magdrive is developing a next generation of spacecraft propulsion for small satellites. The startup says its engine’s thrust and efficiency are a “generational leap” ahead of any other electrical thru...