Magdrive secures seed funding for new propulsion system which could take us to the stars
TechCrunch
DECEMBER 17, 2020
million seed round led by Founders Fund, an early investor in SpaceX, backed by Luminous Ventures, 7percent Ventures and Entrepreneur First. The satellite industry is worth $5 billion in 2020, and is predicted to grow to $30 billion by 2030, due to the rise in mega-constellations. Magdrive has just closed a £1.4
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