Ursa Major is a Propulsion & Manufacturing company founded in 2015 and based in Berthoud, United States. It has raised $285M in total funding, most recently a Series E in 2025 at a $600M valuation.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Nov 18, 2025 | Series E | $100M | $600M | Eclipse |
| Apr 25, 2023 | Series D | $100M | — |
| BlackRock |
| Dec 7, 2021 | Series C | $85M | — | BlackRock |
5,000-pound-thrust liquid oxygen/kerosene rocket engine using oxygen-rich staged combustion, designed for reusability and high power density in small launch vehicles and hypersonic test platforms. Flight history began on Stratolaunch Talon-A1 in March 2024; demonstrated sustained Mach 5+ speeds on Talon-A2 in December 2024 and March 2025. Stratolaunch awarded a $32.9M follow-on contract for 16 Hadley H13 engines for the U.S. Navy's MACH-TB hypersonic test program.
4,000-pound-thrust storable propellant rocket engine using hydrogen peroxide/kerosene in a closed-catalyst-cycle design, enabling launch-on-demand without cryogenic handling. Optimized for hypersonic strike vehicles and small tactical missiles that must be stored ready-to-use. Awarded a $34.9M contract in September 2025 from an undisclosed defense prime; AFRL completed a full-duration static fire in 2025 and a flight demonstration in January 2026.
50,000-pound-thrust liquid rocket engine targeting the medium-launch market to provide a domestic alternative for second-stage and upper-stage propulsion currently reliant on foreign or legacy U.S. suppliers. Ursa Major designed Ripley with additive manufacturing to cut lead times and unit cost relative to traditionally machined engines. Powers Ursa Major's broader strategy to become the only independent, venture-backed U.S. manufacturer of rocket engines at meaningful scale.