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Business/Financial

Boeing HorizonX Invests In Satellite Propulsion Developer Accion Systems

By Cal Biesecker

Wednesday, October 10th, 2018

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Boeing HorizonX Invests In Satellite Propulsion Developer Accion Systems

Accion Systems' Tiled Ionic Liquid Electrospray 500 thruster. Photo: Accion Systems

Boeing [BA] on Wednesday said its venture unit HorizonX has invested in Accion Systems, a startup that is developing tiny thrusters for satellite propulsion.Boeing said that Massachusetts-based Accion’s Tiled Ionic Liquid Electrospray in-space propulsion system offers is smaller, lighter and more cost-effective than traditional ion engines. It also said the postage stamp-size thrusters are non-toxic and are meant to increase the lifespan and maneuverability of satellites and other space vehicles.Boeing doesn’t divulge the value of the investments made by HorizonX,…

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