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Lockheed Martin Ventures Leads Investment Round In X-Bow Systems

Cal Biesecker By
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Lockheed Martin Ventures Leads Investment Round In X-Bow Systems
Static fire of X-Bow Systems' 32-inch Ballesta solid rocket motor. Photo: X-Bow Systems

X-Bow Systems, a startup developing rockets and solid rocket motors, has closed an interim funding round let by Lockheed Martin’s [LMT] venture arm that the small company will use to further its work in solid rocket motors. The value of the investment was not disclosed and included participation from Crosslink Capital, Razor’s Edge Ventures, Balerion Space Ventures, Bravo Victor Venture Capital, and Capital Factory. The investment in X-Bow is the second for Lockheed Martin Ventures, which participated in a $27…

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