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$10.5m

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Magdrive is a startup that has developed a compact, high-power propulsion system for small spacecraft, called the Magdrive-Nano. This innovative technology uses a metal propellant to create a high-energy plasma, which generates thrust significantly higher than other similar-sized electric propulsion systems. This makes it an ideal solution for tasks such as end-of-life deorbiting and deep space transport.

The company operates in the space technology market, specifically targeting clients who require small spacecraft propulsion systems. This could include satellite manufacturers, space exploration companies, and research institutions. The business model of Magdrive is based on the production and sale of the Magdrive-Nano propulsion system.

The team behind Magdrive is composed of experts from various fields, including plasma physics, pulsed power engineering, mechanical engineering, machine learning, and flight engineering. The team's diverse background, combined with their experience in startups and Fortune 500 companies, positions Magdrive well to deliver innovative solutions in the space technology market.

Magdrive's revenue is generated through the sale of the Magdrive-Nano propulsion system. The company's competitive advantage lies in the system's compact size, high power, and superior thrust generation, which sets it apart from other electric propulsion systems in the market.

Keywords: Spacecraft Propulsion, High-Energy Plasma, Small Spacecraft, Satellite Manufacturers, Space Exploration, Plasma Physics, Pulsed Power Engineering, Mechanical Engineering, Machine Learning, Flight Engineering.

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