Sydney startup MP Space raises $23 million to build spacecraft power systems
MP Space, founded by ex-Tesla engineers, got major seed funding to make power systems for orbiting spacecraft.
Sydney startup MP Space raised $23 million in seed funding to make spacecraft power systems in Australia. Venture capital firm Blackbird led the funding round.
Several international investors also backed it. Former Tesla engineers Jay Manley and Sam Paterson founded MP Space in early 2024.
The company builds hardware and software that generates, stores and manages power in space. The company's technology was picked for space services and missions involving more than 500 spacecraft.
The new funding will expand manufacturing, develop more power systems, and grow the Australian engineering team.
- $23 million
- Seed funding raised
- Early 2024
- Company founded
- 500-plus
- Spacecraft missions
- Blackbird
- Lead investor
Why it mattersAustralia is building world-class deep-tech companies. These companies compete for space industry contracts and create skilled jobs.
AustraliaAustralian space and manufacturing capability strengthens with major funding into local aerospace engineering.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
