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Magdrive

Magdrive

Private
DidcotFrontier & Industrial Techhttps://magdrive.space/

Last Round

Seed

Feb 25, 2025

Total Funding Raised

$12.56M

Company Overview

Magdrive is an aerospace company that develops compact, high-thrust electric plasma propulsion systems for satellites and spacecraft.

Sector

Frontier & Industrial Tech

Verticals

Space Technology, Defense Tech

Business Model

B2B

Customer Profile

Hardware Sales, Government Contracts, Services & Consulting

AI Layer

Non-AI

Keywords

electric propulsionplasma thrustersspace techsatellite propulsionin-space propulsionspacecraft propulsionnewspaceorbital maneuveringstation-keepingcollision avoidancespace hardwarepulsed powerNREnon-recurring engineeringaerospace testing

Historical Pricing

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Caplight Momentum Score

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Magdrive Comparables

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Magdrive comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
ThrustMe
88%
Morpheus Space
88%
Enpulsion
87%

Magdrive Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
SeedFeb 25, 2025
GrantFeb 22, 2024
GrantOct 6, 2021
Pre SeedDec 17, 2020

Key People

Founding team and executive leadership

Jerry Welsh

Global CFO & U.S. CEO

Executive Team

Mark Stokes

CEO And Cofounder

Founding Team

Thomas Clayson

Chief Technology Officer

Executive Team

Magdrive Investors

Notable investors and investment history

Magdrive investors
InvestorRounds
European Innovation Council FundGrant
Balerion Space VenturesSeed
7 Percent VenturesSeed, Pre Seed
Founders FundSeed, Pre Seed
Outsized VenturesSeed
Innovate UKPre Seed
Luminous VenturesPre Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Dec 3, 2025

    Developing a compact plasma propulsion system for satellite constellations.

  • Jul 23, 2025

    Signed MoU with Perpetual Atomics for space nuclear power systems.

Magdrive Filings

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Magdrive filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Magdrive's valuation, stock price, and market status.

Is Magdrive a public or private company?

Magdrive is a private company.

What is the current stock price of Magdrive?

Magdrive is a private company with no public stock price. No recent secondary market data is available.

How much is Magdrive worth (valuation)?

Valuation information for Magdrive is not publicly available.

Can I buy Magdrive stock?

Magdrive shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Magdrive's last funding round?

Magdrive's most recent funding round was Seed on February 25, 2025.

Who are the main investors in Magdrive?

Key investors in Magdrive include Founders Fund, Redalpine.

Will Magdrive IPO soon?

No public IPO plans have been announced for Magdrive.

How can I track Magdrive secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Magdrive's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersDidcot
Employee Range40
Year Founded2019
Last FundingFeb 25, 2025

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