Apollo Fusion has raised additional funding through a Series B round led by venture fund Greylock Partners to support the development of its electric satellite thrusters known as Apollo Constellation Engine (ACE).
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Apollo Fusion ACE thruster operating with Xenon propellant. Photo: Apollo Fusion
Apollo Fusion has been selected to provide the propulsion system for a Low-Earth Orbit (LEO) satellite constellation placed by
York Space Systems. The order marks a string of successes for the propulsion start-up as it recently signed its first four commercial deals with
Saturn Satellite Networks’ constellation,
U.S. Air Force intelligence satellite.
Apollo Fusion will provide the electric propulsion system for an unnamed customer with a LEO constellation of 10-plus satellites anticipated to launch in 2022. CEO and founder Mike Cassidy told Via Satellite that this is a significant deal for the company because it could expand to 200 propulsion systems as the constellation is already funded for growth.