What is Orbion Space Technology?
Orbion Space Technology is at the forefront of developing revolutionary propulsion systems, notably the first Hall-effect plasma thruster engineered for mass production. This innovation is designed to enhance the capabilities of small satellites in space. Beyond design and development, Orbion excels in pioneering novel mass-manufacturing techniques to address the escalating demands of the NewSpace sector. The company's foundation in 2016 and its headquarters in Houghton, Michigan, are complemented by a team possessing extensive expertise in plasma thrusters, space electronics, orbital mechanics, manufacturing, and space business strategy.
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 Material Impact, Beringea, Wakestream Ventures, and Inventus Capital Partners
Debt (2025): $650K, investors not publicly disclosed
Debt (2025): $500K, investors not publicly disclosed
Key Investors in Orbion Space Technology
Invest Michigan
Invest Michigan is recognized as Michigan's most active technology investor, providing crucial capital to early-stage high-tech companies within the state.
Material Impact
Material Impact focuses on building deep tech companies that leverage material science for innovation, investing in first-of-their-kind technologies to create impactful solutions for productivity and sustainability.
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses in the US and UK, empowering entrepreneurs to build billion-dollar companies with strategic support and a long-term perspective.
What's next for Orbion Space Technology?
The substantial enterprise-level funding Orbion Space Technology has attracted signals a pivotal growth phase, likely enabling the company to scale its mass-production capabilities and expand its market reach. This strategic investment is expected to accelerate the deployment of its advanced propulsion systems, positioning Orbion as a key player in the burgeoning small satellite industry. Future developments will likely focus on further refining manufacturing processes and securing new contracts to meet the increasing demand for efficient and reliable satellite propulsion.
See full Orbion Space Technology company page
