
Rocket engine developer Ursa Major on Thursday said it has raised $138 million in two funding rounds this year to further development of its new process for manufacturing solid rocket motors (SRMs) and to scale production capacity and advance its liquid propulsion engines for space and hypersonic applications. The $138 million includes a Series D round concluded earlier this year and a Series D-1 round due to strong interest to accelerate development of the company’s products. The investments were led…