German space technology company Morpheus Space has raised $15 million in new funding to expand production of its in-space electric propulsion systems, as demand grows for maneuverable satellites in increasingly crowded orbits.
The investment, announced Thursday, comes from Alpine Space Ventures, the European Investment Fund and other backers. Morpheus Space said the funds will be used to scale manufacturing at its facility in Dresden, which currently produces around 100 units of the company’s proprietary GO-2 propulsion systems.
We are happy to announce our collaboration with D-Orbit for an in-orbit demonstration mission of our next-generation electric propulsion system, GO-2!
This mission aboard D-Orbit’s ION Satellite Carrier is scheduled for early 2025.
Find out more at https://t.co/eCym7wGfhf pic.twitter.com/OXv6MXJd03
— MorpheusSpace (@MorpheusSpace) November 19, 2024
“Growing orbital congestion and the race for dominance in orbit are making maneuverability a strategic necessity,” said Bulent Altan, founding partner at Alpine Space Ventures. He added that scalable, cost-efficient propulsion systems are increasingly needed for dynamic satellite operations.
The funding follows the GO-2 system’s in-orbit demonstration in July 2025, which the company said validated its performance and reliability. Electric propulsion systems allow satellites to adjust orbit, avoid collisions and extend operational lifetimes while consuming minimal propellant.
Additional participants in the funding round include Lavrock Ventures, Morpheus Ventures, Pallas Ventures and Vsquared Ventures, alongside other new and existing investors.
Alpine Space Ventures previously led Morpheus Space’s $28 million Series A funding round in 2022, which supported workforce expansion and manufacturing development.
The company said scaling production will help address growing demand from satellite operators seeking propulsion solutions capable of supporting large constellations and more agile space missions.
