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Magdrive

Magdrive

Private
DidcotFrontier & Industrial Techhttps://magdrive.space/

Last Round

Seed

Feb 25, 2025

Total Funding Raised

$12.56M

Company Overview

Magdrive is an aerospace company that develops compact, high-thrust electric plasma propulsion systems for satellites and spacecraft.

Sector

Frontier & Industrial Tech

Verticals

Space Technology, Defense Tech

Business Model

B2B

Customer Profile

Hardware Sales, Government Contracts, Services & Consulting

AI Layer

Non-AI

Keywords

electric propulsionplasma thrustersspace techsatellite propulsionin-space propulsionspacecraft propulsionnewspaceorbital maneuveringstation-keepingcollision avoidancespace hardwarepulsed powerNREnon-recurring engineeringaerospace testing

Historical Pricing

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Caplight Momentum Score

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Magdrive Comparables

Compare Magdrive with similar companies based on industry and business-model similarity.

Magdrive comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
ThrustMe
88%
Morpheus Space
88%
Enpulsion
87%

Magdrive Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
SeedFeb 25, 2025
GrantFeb 22, 2024
GrantOct 6, 2021
Pre SeedDec 17, 2020

Key People

Founding team and executive leadership

Jerry Welsh

Global CFO & U.S. CEO

Executive Team

Mark Stokes

CEO And Cofounder

Founding Team

Thomas Clayson

Chief Technology Officer

Executive Team

Magdrive Investors

Notable investors and investment history

Magdrive investors
InvestorRounds
European Innovation Council FundGrant
Balerion Space VenturesSeed
7 Percent VenturesSeed, Pre Seed
Founders FundSeed, Pre Seed
Outsized VenturesSeed
Innovate UKPre Seed
Luminous VenturesPre Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Dec 3, 2025

    Developing a compact plasma propulsion system for satellite constellations.

  • Jul 23, 2025

    Signed MoU with Perpetual Atomics for space nuclear power systems.

Magdrive Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Magdrive Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Magdrive's valuation, stock price, and market status.

Firmographic Details

HeadquartersDidcot
Employee Range42
Year Founded2019
Last FundingFeb 25, 2025

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