Companies / Magdrive
Magdrive
Magdrive is developing a high-power electric propulsion system using a magnetoplasma thruster that offers significantly higher thrust-to-power ratio than traditional ion drives. The UK-based company targets in-space transportation and satellite servicing applications.
Founded
2018
Headquarters
Oxford, UK
CEO
Mark Sherwood
Headcount
30+
Total Funding
$10M+
Latest Valuation
~$30M
Status
private
Products
Magnetoplasma thruster