Magdrive is a UK-based startup that is revolutionizing spacecraft propulsion with its high thrust, high efficiency, and low mass technology. Established in 2019, it aims to enable new missions and business models in the space industry, offering capabilities such as high cadence avoidance manoeuvres in congested Low-Earth Orbit, satellite servicing and orbital manufacturing, and making defense satellites untraceable through stochastic movement. The company received non-equity assistance investment from Creative Destruction Lab on 01 September 2022. Magdrive operates in the B2B, Manufacturing, and Space industries, positioning itself at the forefront of cutting-edge technology in the space sector.
Magdrive
Next-generation spacecraft propulsion
Founded 2020
Didcot, United Kingdom
43 employees
Non Equity Assistance
Total: $2.70M
B2B, Manufacturing +1
Didcot, United Kingdom
43 employees
Non Equity Assistance
Total: $2.70M
B2B, Manufacturing +1
General Information
Company Name
Magdrive
Founded Year
2020
Location
Didcot, United Kingdom
Didcot, United Kingdom
Employees
43
Industries
B2B, Manufacturing, Space
Funding Stage
Non Equity Assistance
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United Kingdom Market
About Magdrive
Business keywords: spacecraft propulsion, next generation, Magdrive, satellites, deep space, high thrust, high efficiency, low mass, manoeuvrability, Low-Earth Orbit, rendezvous, satellite servicing, orbital manufacturing, plasma thruster, new space age
Funding Rounds & Investors (3)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Non Equity Assistance | Undisclosed | 1 |
|
01 Sep 2022 |
| Seed Round | €1.30M | 2 |
|
01 Jan 2021 |
| Seed Round | £1.40M | 3 |
|
17 Dec 2020 |
Latest News
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Magdrive Alternatives & Competitors
View All Alternatives
Magdrive vs
Magdrive vs
IENAI SPACE
Spain
Unlocking in-space mobility through customized electric propulsion, mission analysis software and op...
Seed
26 employees
Manufacturing, Space
Magdrive vs
Orbion Space Technology
United States
Propelling the small satellite revolution
61 employees
Manufacturing, Space
TRL11
FAQ About Magdrive
Next-generation spacecraft propulsion
Magdrive was founded in 2020.
Magdrive is headquartered in Didcot, United Kingdom.
Magdrive operates in B2B, Manufacturing and Space. Its work centres on spacecraft propulsion, next generation, Magdrive and satellites.
Magdrive has approximately 43 employees.
Magdrive has completed 3 funding rounds, raising a total of $2.70M. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to Magdrive include Skycorp Incorporated, IENAI SPACE, Orbion Space Technology, TRL11, Rocket Lab. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magdrive and Skycorp Incorporated are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.
Source: BounceWatch company record for Magdrive, https://bouncewatch.com/company/magdrive, updated 25 September 2026. When citing, please name BounceWatch and link this page.
