What is Orbion Space Technology?
Orbion Space Technology is at the forefront of developing advanced propulsion systems, notably the first Hall-effect plasma thruster engineered for mass production. The company's expertise spans plasma thrusters, space electronics, orbital mechanics, and manufacturing, positioning it to meet the escalating demands of the NewSpace sector. Founded in 2016 and headquartered in Houghton, Michigan, Orbion is dedicated to enabling small satellites to achieve greater capabilities in space through its proprietary technology and novel manufacturing processes.
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, Invest Detroit, and Boomerang Catapult
Series B (2021): $20M led by Beringea, Wakestream Ventures, Material Impact, 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 a key player in supporting early-stage high-tech companies within Michigan, providing crucial capital and strategic guidance.
Wakestream Ventures
Wakestream Ventures is an early-stage generalist fund that invests in innovative companies, focusing on founders with unique ideas and providing initial investments with potential for follow-on commitments.
Material Impact
Material Impact focuses on building deep tech companies leveraging material science, investing in first-of-their-kind technologies to drive innovation and sustainability.
What's next for Orbion Space Technology?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Orbion Space Technology. This capital is expected to accelerate the scaling of its mass-production capabilities for its revolutionary thruster systems, further solidifying its market position. The company is poised to capitalize on the increasing demand for efficient and reliable propulsion solutions in the small satellite industry, potentially enabling new mission architectures and expanding the operational scope of small spacecraft.
See full Orbion Space Technology company page
