Japanese mogul visits International Space Station

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TechCrunch

Ursa Major raises $85M to disrupt the vertically integrated launch sector

Many of the biggest players are building their own rocket engines, but space startup Ursa Major is betting that many new launch providers would rather outsource the engine than build it in-house. Six years after being founded by former SpaceX and Blue Origin propulsion engineer Joe Laurienti, the company is ready to scale up its ambitions, and it just closed its largest funding round to date to do so: an $85 million Series C led by funds and accounts managed by BlackRock, as well as participation from XN, Alsop Louie, Alpha Edison, Dolby Family Ventures, KCK, Space Capital, Explorer 1, Harpoon Ventures and others. To get there, Ursa Major wants to rapidly manufacture engines — as many as one per week in 2022, with two per week to follow.

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