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Magdrive
Space · East Hendred, United Kingdom · Founded 2019
High-thrust electric plasma propulsion for small satellites MoreLess
Magdrive is a British space technology company developing next-generation electric plasma propulsion systems for satellites and spacecraft. Founded in 2019 by CEO Mark Stokes and CTO Dr. Thomas Clayson, both graduates of Imperial College London, the company is headquartered at the Harwell Science and Innovation Campus in Oxfordshire. Stokes has a background in mechanical and deep learning engineering with experience in robotics and aerospace systems, while Dr. Clayson is a plasma physicist and pulsed power electronics engineer.
The company's core technology revolves around a miniaturized, powerful plasma thruster that operates on a solid metal propellant. This system is designed to generate thrust levels significantly higher than traditional electric propulsion systems of a similar size by creating a high-energy plasma. The thrusters are charged with solar power and can be discharged rapidly for high-thrust maneuvers, offering high efficiency that can reduce fuel consumption by up to 90%. A key feature is the ability to use sustainable metal propellants, which could potentially be sourced from recycled space debris or through asteroid mining in the future. The system also allows for gimballing without moving parts by varying the properties of the plasma chamber to direct thrust.
Magdrive is developing a family of thrusters, including the "Rogue" thruster, designed for small satellites like CubeSats. This model is intended for applications such as satellite constellation management, in-space servicing, and collision avoidance. The company's business model is focused on providing these advanced propulsion solutions to satellite operators and manufacturers, aiming to enhance mission capabilities, improve maneuverability, and extend the operational life of spacecraft. In June 2025, Magdrive launched its first two thrusters into orbit in partnership with D-Orbit for an in-orbit demonstration.
Since its inception, Magdrive has secured significant funding. After an initial pre-seed round of $2 million in 2020 led by Founders Fund, the company received grants from the UK Government, UK Space Agency, and the European Space Agency. In February 2025, Magdrive announced a $10.5 million seed funding round led by Redalpine, bringing its total raised funds to approximately $22.5 million. The new capital is intended for further research and development, the construction of a manufacturing facility in the UK, and the establishment of a U.S. office.
Keywords: electric propulsion, plasma thruster, small satellites, spacecraft propulsion, CubeSat, in-space mobility, solid propellant, satellite constellation, space debris avoidance, deep space travel, Harwell, Mark Stokes, Thomas Clayson, high-thrust, in-space servicing, space technology, aerospace engineering, plasma physics, sustainable space, collision avoidance
Company overview
Magdrive company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- East Hendred, United Kingdom
- Employees
- 41
- Open positions
- None listed
- Dealroom signal
- 72.1
Valuation & funding
Magdrive funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEEDOther financing | Feb 2025 | $11M | $42M | Redalpine · Founders Fund · 7percent Ventures · Entrepreneurs First | ↗ |
| SUPPORT PROGRAMOther financing | Sep 2022 | $0 | — | CDL-Paris | — |
| FundingOther financing | Sep 2022 | $0 | — | Creative Destruction Lab | — |
| SEEDOther financing | Dec 2020 | $1.8M | $7.4M | Outsized Ventures · Entrepreneurs First · 7percent Ventures · Founders Fund | — |
| SUPPORT PROGRAMOther financing | Jan 2020 | $0 | — | ESA Business Incubation Centre United Kingdom | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 41 |
| 2025 | 39 |
| 2024 | 23 |
| 2023 | 18 |
| 2022 | 13 |
Growth signals
Magdrive website traffic
Latest recorded traffic for Magdrive is 4.2K monthly website visits, down 27.6% over the last three months. Magdrive's team grew 5.1% over the past year.
Comparisons
Magdrive compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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|---|---|---|---|---|---|
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London, United Kingdom | Closed | |||
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Lumi SpaceLumi use lasers to send power to satellites |
Yateley, United Kingdom | Operational | |||
Arralis"Connect Everywhere" |
Belfast, United Kingdom | Acquired | |||
Space DOTSMaking on-orbit qualification of advanced materials and small components, faster, cheaper, and simpler |
London, United Kingdom | Operational | |||
Lodestar SpaceCreating the frontline service to secure and protect all off-Earth operations |
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Talent graph
Magdrive's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Magdrive has talent and traffic
team presence
In the news
Latest news about Magdrive
Recent press, funding announcements, and product moves mentioning Magdrive — open to read from the original sources.
Market sentiment
What the market is saying about Magdrive
An AI-synthesized read of the highest-engagement posts about Magdrive on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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