What is Orbion Space Technology?
Headquartered in Houghton, Michigan, Orbion Space Technology is a deep tech enterprise specializing in the development and mass-manufacture of Hall-effect plasma thrusters. Founded in 2016, the company addresses the critical need for reliable, high-efficiency propulsion systems that enable small satellites to perform complex maneuvers in space. By integrating advanced plasma physics with novel manufacturing techniques, Orbion is effectively bridging the gap between laboratory-grade propulsion and the high-volume demands of modern satellite constellations. Their multidisciplinary team combines expertise in space electronics, orbital mechanics, and industrial design to deliver solutions that enhance the operational lifespan and utility of small-scale spacecraft.
How much funding has Orbion Space Technology raised?
Orbion Space Technology has raised a total of $30.4M across 4 funding rounds:
Series A
$9.2M
Series B
$20M
Debt
$650K
Debt
$500K
Series A (2019): $9.2M with participation from Invest Michigan, Wakestream Ventures, Material Impact, Ann Arbor SPARK, Boomerang Catapult, and Invest Detroit
Series B (2021): $20M led by Wakestream Ventures, Inventus Capital Partners, Material Impact, and Beringea
Debt (2025): $650K, investors not publicly disclosed
Debt (2025): $500K, investors not publicly disclosed
Key Investors in Orbion Space Technology
Material Impact
Material Impact is a venture firm focused on building deep tech companies that leverage material science to drive innovation and sustainability.
Wakestream Ventures
Wakestream Ventures is an early-stage generalist fund that supports innovative founders with unique ideas and provides follow-on commitments for high-growth companies.
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses, providing strategic support to help entrepreneurs build large-scale, impactful companies.
What's next for Orbion Space Technology?
With the recent influx of capital, Orbion Space Technology is well-positioned to transition from its current development phase into a full-scale industrial production cycle. The strategic focus will likely center on optimizing supply chain resilience and expanding manufacturing capacity to accommodate the rapid growth of the NewSpace market. By continuing to refine its Hall-effect thruster technology, the company aims to set new industry standards for cost-effective, high-performance propulsion. Future milestones will likely involve deeper integration with commercial satellite manufacturers and potential expansion into broader orbital logistics, ensuring that Orbion remains at the forefront of the next generation of space infrastructure.
See full Orbion Space Technology company page
