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Sign Me Ursa Major rakes in more cash. Aerospace and defense startup Ursa Major Technologies landed a $600 million valuation in a new fundraising round, the latest sign that investors are willing to back companies developing new rocket technology, Bloomberg reports<\/a>. Colorado-based Ursa Major closed its Series E fundraising round with investments from the venture capital firms Eclipse, Woodline Partners, Principia Growth, XN, and Alsop Louie Partners. The company also secured $50 million in debt financing. Ursa Major is best known as a supplier of liquid-fueled rocket engines and solid rocket motors to power a range of commercial and government vehicles.<\/p>\n Hypersonic tailwinds \u2026 Ursa Major says it is positioned to provide the US industrial base with propulsion systems faster and more affordably than legacy contractors can supply. \u201cThe company will rapidly field its throttleable, storable, liquid-fueled hypersonic and space-based defense solution, as well as scale its solid rocket motor and sustained space mobility manufacturing capacity,\u201d Ursa Major said in a press release. Its customers include BAE Systems, which will use Ursa Major\u2019s solid rocket motors to power tactical military-grade rockets, and Stratolaunch, which uses Ursa Major\u2019s liquid-fueled Hadley engine for its hypersonic Talon-A spaceplane.<\/p>\n
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