In a significant stride toward revolutionizing space propulsion, Helicity Space, a California-based startup specializing in fusion engines for spaceflight, has successfully raised $5 million in a seed funding round announced on December 11. The funding round drew support from notable investors, including Airbus Ventures, TRE Ventures, Voyager Space Holdings, E2MC Space, Urania Ventures, and Gaingels.
Founded in Pasadena in 2018, Helicity kept a low profile during its early years, meticulously ensuring the project’s feasibility and garnering support from strategic partners. Co-founder Stephane Lintner, a former managing director at Goldman Sachs with a Ph.D. in applied mathematics from the California Institute of Technology, expressed gratitude for the backing received from long-term strategic partners, considering them as potential future clients.
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