CIA’s In-Q-Tel Among Backers of German Satellite-Thruster Startup

Morpheus Space’s small and simple electric thrusters could upend the satellite industry.

The Central Intelligence Agency’s venture capital firm is among a half-dozen investors in Morpheus Space, a German startup whose novel electric thrusters enable tiny satellites to maneuver and big ones to reduce complexity.

The Dresden-based company said it plans to use the capital to hire employees, increase production and expand its business to the United States. While the company won’t say how much money it raised, it listed In-Q-Tel along with other investors VSquared Ventures, Lavrock Ventures, Airbus Ventures, Pallas Ventures and TechStars. The startup’s leaders hope the money will allow it to enter the defense, civil, and commercial space markets.

https://www.defenseone.com/business/2020/08/cias-q-tel-among-backers-german-satellite-thruster-startup/167984/

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