Business · Companies · 1 hr ago
Hanwha Asset Management invests in US space company Impulse Space
Hanwha Asset Management and four South Korean institutions invested in Impulse Space in the US through a project fund.
The investment was in the company’s Series D1 funding round, and Hanwha has backed it in four rounds since Series B.
Impulse Space was founded in 2021 by Tom Mueller, a SpaceX founding member and former chief technology officer.
It is developing vehicles to carry satellites and cargo from their initial orbit to their intended orbit.
Its Mira vehicle has completed three missions, and the company is also developing Helios for direct delivery to geostationary orbit.
The investment gives South Korean institutions a route into a global space company through Hanwha’s project fund.
Hanwha plans to expand joint investment opportunities with domestic institutions and continue connecting investors and industry with overseas technology companies.
Hanwha Asset Management said it invested in US space company Impulse Space’s Series D1 round through a project fund backed by four South Korean institutions.
The investment is the fourth consecutive round in which Hanwha has participated, beginning with Impulse Space’s Series B.
Impulse Space was founded in 2021 by Tom Mueller, a founding member and former chief technology officer of SpaceX.
The company develops orbital transfer vehicles that move satellites and cargo to their target orbits after launch.
Hanwha said it aims to expand opportunities for South Korean institutions to invest alongside it in global deep-tech companies.
- Who
- Hanwha Asset Management and four South Korean institutions invested in US company Impulse Space.
- What
- They participated in Impulse Space’s Series D1 funding round through a project fund.
- When
- Hanwha announced the investment on October 22, 2026.
- Where
- Impulse Space is a US company. Hanwha is based in South Korea.
- Why
- Hanwha said it wanted to share investment opportunities in global deep-tech companies with South Korean institutions.
This story does not have two clearly opposing sides.
Tom Mueller founded Impulse Space.
Impulse Space raised about $500 million, taking its total funding beyond $1 billion.
Hanwha Asset Management announced its participation in Impulse Space’s Series D1 round through a fund backed by four South Korean institutions.
- Investment round
- Series D1
- Project fund backers
- Four South Korean institutions
- Hanwha’s consecutive participation
- Four rounds, from Series B through Series D1
- Impulse Space founded
- 2021
- Funding raised in June 2026
- About $500 million
- Total funding
- More than $1 billion
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