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Advanced / Transformational Technology

Lockheed Martin Makes Venture Investment In Space Propulsion Company Helicity

By Cal Biesecker

Tuesday, April 2nd, 2024

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Lockheed Martin Makes Venture Investment In Space Propulsion Company Helicity

Helicity Space's Helicity Drive. Image: Helicity Space

Helicity Space, a small startup developing fusion space propulsion and power technology, on Tuesday said it has received an investment from Lockheed Martin Ventures that will be used to advance the company’s technology. The size of the investment was not disclosed, although Lockheed Martin Ventures typically invests between $1 million and $5 million as an initial investment. Lockheed Martin Ventures is the venture arm of Lockheed Martin [LMT]. “The investment from Lockheed Martin Ventures marks a pivotal moment for Helicity…

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