Investment in satellite companies reached $8.1 billion in the first half of 2026, already surpassing every previous annual total tracked by early-stage investor Space Capital.
This week the US Space Force brought two more companies into the pool of bidders eligible to compete for its launch contractsβImpulse Space and Relativity Space. For a rocket company, cracking into the lucrative US military launch market is both a sign of maturity, as well as an important source of revenue.
The inclusion of Relativity Space, which is making credible progress toward the launch of its heavy-lift Terran R rocket, is perhaps not a huge surprise. Under the leadership of former Google chief executive Eric Schmidt, the company has continued to work toward bringing the partly reusable rocket to the launch pad.
The addition of Impulse Space, however, was something of a surprise. The company specializes in building spacecraft for in-space operations, rather than launching from Earth.
Impulse Space has raised $500 million to expand production of orbital transfer vehicles and other spacecraft to support growing commercial and government demand.
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.