<ul><li>UK-based startup Magdrive has secured $10.5 million in funding to develop its electric propulsion system for satellites.</li><li>Magdrive's electric propulsion system offers higher thrust, smaller form factor, and high specific impulse compared to traditional systems.</li><li>The scalable technology allows for sustained rendezvous and proximity operations, stochastic movements, and satellite servicing missions.</li><li>The funding round was led by redalpine and included participation from Founders Fund and other investors.</li></ul>

Redalpine, Founders Fund back Magdrive’s electric thruster business

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