Top 29 Aerospace Engine startups

Mar 17, 2025 | By Boris Maslennikov

These startups are developing engines for rockets, spacecraft and satellite propulsion, deep space exploration vehicles.
1
Country: UK | Funding: £32.5M
Skyrora is a launch services provider dedicated to delivering small satellites into orbit in a responsive, versatile, eco-friendly manner. Skyrora has also developed an environmentally friendly hybrid rocket engine that can run on solid and liquid rocket fuel.
2
Country: UK | Funding: $14M
Magdrive is working on advanced spacecraft propulsion for satellites in Low Earth Orbit (LEO).
3
Country: UK | Funding: $210.3M
Reaction Engines is next-generation aerospace propulsion developers, home of SABRE air-breathing rocket engine.
4
Country: France | Funding: €44.1M
HyPrSpace is a french aerospace startup developing a new kind of hybrid rocket engines : the kind that actually works.
5
Country: France | Funding: €13M
ION-X is the developer of a technology that provides the most efficient propulsion for small spacecraft.
6
Country: USA | Funding: $746M
Firefly Aerospace provides launch vehicles, spacecraft, and in-space services for small payloads. Firefly’s on-orbit services include deorbiting services to help minimize space debris. Firefly’s lunar lander is flying annual missions to the Moon with payload services customized to the technology and exploration goals of each customer.
7
Country: China | Funding: CN¥2.5B
Galactic Energy Aerospace Technology is a private aerospace company that engages in the low-cost commercial space launch business.
8
Country: USA | Funding: $284M
Ursa Major provides a propulsion system for space launch, hypersonics, and national security.
9
Country: USA | Funding: $225M
Impulse Space develops orbital maneuvering vehicles for last-mile cargo delivery.
10
Country: India | Funding: $61.2M
Agnikul is a space tech startup that manufactures and launches orbital class rockets for micro and nano satellites.
Editor: Boris Maslennikov
Boris Maslennikov is a senior editor for Space-Startups. He has spent more than a decade covering the global space industry as a business journalist. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science from the California Institute of Technology. In his free time, Boris enjoys studying history and mathematics, with a particular interest in the history of mathematics. You can contact Boris at borismaslenikov(at)space-startups(dot)com