Mach breaks the SRM duopoly with $300M and an acquisition
Mach Industries acquires solid rocket motor maker Exquadrum and raises $300M Series C, ending a 30-year two-supplier monopoly that has starved U.S. launch and defense programs of propulsion capacity.
Hermeus Gets FAA Supersonic Green Light, Closes $350M Series C
Hermeus closed a $350M Series C and received FAA authorization for supersonic flights within 48 hours, positioning itself as the Pentagon's first commercially operated hypersonic testbed.
Hermeus hits $1B valuation on $350M Series C, Quarterhorse Mk 2.1 in flight
Hermeus closed $350M Series C led by Khosla Ventures, reaching unicorn status days after successfully flying Quarterhorse Mk 2.1—a delta-wing hypersonic demonstrator the size of an F-16—positioning the startup to move from prototype to DoD-ready production.