U.S. Military Invest $12.5 million in Ursa Major Rocket Company

Colorado-based rocket propulsion company Ursa Major has been provided with $12.5 million of funding from the U.S. Navy and Pentagon Office of Strategic Capital. It will be matched by Ursa Major to bring an injection of $25 million, it was announced on 17th September.

The details of the Major Rocket investment

The investment is going to be used in the design and manufacture of a new rocket motor prototype created for the U.S. navy, something the company is already working on under a separate award and branch of operations.

There has been discussion about The Pentagon relying on a small number of suppliers for their equipment, something that has been put under strain by war in Eastern Europe and conflict in the Middle East, among other numerous factors.

Dan Jablonsky, the CEO of Ursa Major, spoke about the deal and what it could provide for the Office of Strategic Capital (and the Navy, in turn).

“We are proud to work with OSC on their mandate for expanding the defense industrial base by bringing new innovations into the DoD ecosystem,” said Jablonsky.

He also discussed Lynx, the company’s 3D printing technology that can give a quicker and cheaper method of producing solid rocket motors, and allowing the process to become more scalable within a U.S.-based company.

The OSC is a relatively new concept and it was established in 2022 before being formally enacted by Congress in 2024. The organization has authorities to issue loans and loan guarantees and will attempt to leverage U.S. capital markets to increase private investment in technologies the Department of Defense’s needs. The OSC can help those companies that may not have found sufficient funding in other methods.

Ursa Major is of growing importance to the Department of Defense and has numerous contracts with the U.S. Air Force to provide new technologies as the Colorado-based company continues to innovate.