Momentus, a startup using water-vapor propellant to shuttle satellites from LEO to final destination, raises $25.5M

by Peter B. de Selding

PARIS — Momentus, a U.S.-based startup designing a service to take satellites from their rocket drop-off points to their final orbital destinations has raised $25.5 million in Series A financing led by Prime Movers Lab.

Other investors include Y Combinator, the Lerner Family, the University of Wyoming Foundation, Quiet Capital, Mountain Nazca, ACE & Co., Liquid 2 Ventures and Drake Management.

The new funding, announced July . . .

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