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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
client focusb2btechnologyHardwaretechnologyDeep Techbusiness modelManufacturingsectorSpace TravelsectorSpace TechsectorEsa BicsectorESAsectorSpace Vehicles Components and PayloadssectorPropulsion SystemssectorSemiconductors for SpacesectorSpace UpstreamsectorDual-Use TechsectorSpace DT

Valuation & funding

Magdrive funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
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Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 41
2025 39
2024 23
2023 18
2022 13
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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.

Latest monthly visits4.2K 3-month web change-27.6% 1-year team growth+5.1%
Monthly website visits44 observations · Dec 2020–Jul 2026
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Comparisons

Magdrive compared with similar companies

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Showing 8 of the closest matchesCompare every metric →

Talent graph

Magdrive's talent

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Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

11 investors on Magdrive's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 7 investors entered at this stage
Founders Fund
Outsized Ventures
Entrepreneurs First
7percent Ventures
Redalpine
Alumni Ventures
Balerion Space Ventures
Other known 4 additional known investors
CDL-Paris
Creative Destruction Lab
ESA Business Incubation Centre United Kingdom
Luminous Ventures

Global footprint

Where Magdrive has talent and traffic

Workforce by country
3 countries with
team presence
🇬🇧 United Kingdom89.7%
🇨🇭 Switzerland5.1%
🇺🇸 United States5.1%
3 countries shown

In the news

Latest news about Magdrive

Recent press, funding announcements, and product moves mentioning Magdrive — open to read from the original sources.

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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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