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Getting around space, as it turns out, is kind of a big deal.

On Tuesday, Impulse Space, a company dedicated to improving space mobility, announced it has raised $500 million in Series D funding. Since it was founded five years ago by SpaceX veteran Tom Mueller, the company has now raised more than $1 billion.

"Timing is everything," Mueller said in an interview about the new round of funding. By this, he means the company has found its way into a lot of markets.

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