Phase Four designs, manufactures and services hardware and software systems for in-space satellite electric propulsion, supporting today’s missions and solving tomorrow’s needs.
Phase Four, a leader in advanced in-space propulsion design and manufacturing, announced the first close of its Series C funding round, securing nearly 60% of the target raise with strong participation from new and existing investors. The round is led by Artemis Group Capital, the Oklahoma-based investment firm helmed by former NASA Administrator Jim Bridenstine, underscoring the growing confidence in Phase Four’s innovative propulsion solutions.
Representatives of the University of Oklahoma signed a memorandum of understanding at the Oklahoma Aerospace Forum on Tuesday with California-based Phase Four, Inc. to advance collaborative research involving space propulsion technologies.
Former NASA administrator Jim Bridenstine is making his first investment in a space company, backing the satellite propulsion company Phase Four’s latest fundraising round.