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Advanced / Transformational Technology

X-Bow Raises $70 Million In New Investment Round That Includes Boeing For First Time

By Cal Biesecker

Wednesday, July 10th, 2024

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X-Bow Raises $70 Million In New Investment Round That Includes Boeing For First Time

X-Bow Systems has developed the Ballesta 32-inch solid rocket motor used to launch its Bolt Rocket. Photo: X-Bow Systems

X-Bow Systems on Wednesday said it has completed the initial close of a Series B round that raised more than $70 million and includes Lockheed Martin [LMT], an existing investor in the startup, and, for the first time, Boeing [BA]. The new venture funding will go toward accelerating X-Bow’s development of its hypersonic vehicles, tactical and strategic solid rocket motors, and the completion of its “gigafactory complex” in Luling, Texas, where it tests rocket motors and plans to build them…

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