Ursa Major, a Colorado-based manufacturer of liquid engines for small space launchers and hypersonic vehicles, announced Dec. 7 it has closed an $85 million Series C fundraising round. for Space News – https://spacenews.com/rocket-engine-supplier-ursa-major-raises-85-million-in-new-funding-round/

Ursa Major, a Colorado-based manufacturer of liquid engines for small space launchers and hypersonic vehicles, announced Dec. 7 it has closed an $85 million Series C fundraising round.

The company said the new funding will help accelerate production to meet current demand and begin the development of its next-generation engines.

The series was led by the investment management firm BlackRock, and includes the XN hedge fund, Alsop Louie, Alpha Edison, Dolby Family Ventures, KCK, Space Capital, Explorer 1, Harpoon Ventures and others.

Ursa Major’s engines have yet to be launched to orbit. The company said in a news release it has more than 50 engines in back orders and has received several research-and-development contracts from commercial customers and the U.S. government through 2022. Its customers include Stratolaunch, Phantom Space, Generation Orbit, defense prime contractors, the U.S. Air Force and the Defense Manufacturing Institutes.