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Advanced / Transformational Technology

Space Solar Power Company Boosts Funding Round With Lockheed Martin Investment

By Cal Biesecker

Wednesday, August 27th, 2025

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Space Solar Power Company Boosts Funding Round With Lockheed Martin Investment

Image: mPower Technology

New Mexico-based startup mPower Technology, Inc., said it has received an investment from Lockheed Martin [LMT] that will help accelerate the company’s efforts to scale production of its solar modules. The investment by Lockheed Martin Ventures was not disclosed but appears to be around $3 million as the original Series B round announced in May was valued at over $21 million. The Lockheed Martin contribution raises the total Series B funding to over $24 million, mPower said on Wednesday. DragonSCALES…

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