Orbion Space Technology
PrivateLast Round
Series B
Jun 25, 2021
Total Funding Raised
$33.76M
Company Overview
Orbion Space Technology is an aerospace company that develops and manufactures revolutionary plasma propulsion systems for small satellites. Founded in 2016 and based in Houghton, Michigan, the company's flagship product is the Aurora Hall-effect thruster system. These systems provide efficient and affordable in-space propulsion, enabling capabilities such as orbit raising, collision avoidance, drag compensation, and controlled de-orbiting for commercial and government satellite operators. Orbion aims to serve the growing market for small satellite constellations by leveraging a novel manufacturing approach to produce reliable thrusters at high rates. The company is venture-backed and serves both commercial and defense customers.
Sector
Frontier & Industrial Tech
Verticals
Space Technology, Defense Tech, Smart Manufacturing
Business Model
B2G
Customer Profile
Hardware Sales, Government Contracts, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
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Orbion Space Technology Comps
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Orbion Space Technology Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Jun 25, 2021 | ||||
| Series A | Aug 28, 2019 | ||||
| Grant | Nov 16, 2017 | ||||
| Seed | Jul 7, 2017 |
Orbion Space Technology Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Boomerang Catapult | Series A |
| Invest Detroit | Grant, Series B, Series A, Seed |
| Wakestream Ventures | Series B, Series A |
| Beringea | Series B |
| Ann Arbor SPARK | Grant, Series A, Seed |
| Material Impact | Series B, Series A |
| Inventus Capital Partners | Series B |
Market signals
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- Jan 1, 2025
Sponsored the 2025 Copper Harbor Trails Fest.
Orbion Space Technology Filings
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| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
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