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iRocket
New York, US · 2 known investors
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iRocket is a U.S. space and defense company developing fully reusable rockets, including a rocket engine with a dual contour nozzle, for customers such as the U.S. Space Force and the Department of Defense.
Founders & leadership
AM
Asad MalikFounder, Chairman & CEOAsad Malik is founder and CEO of iRocket, which develops reusable rocket and advanced propulsion systems for aerospace and defense customers. He previously delivered over $2 billion in construction-value projects for the Department of Defense and civilian federal agencies, and participated in an 8(a) mentor-protégé program with Jacobs Engineering.
Investors · 2
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Red Beard Ventureslisted by Red Beard VenturesWestport · $90K – $300K
How we know: Red Beard Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
Non-dilutive funding · 3 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase II | 2023 | $1.8M |
| U.S. Air ForceAir Force | Phase II | 2020 | $1.5M |
| U.S. Air ForceAir Force | Phase I | 2020 | $49.8K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does iRocket do?
- iRocket is a U.S. space and defense company developing fully reusable rockets, including a rocket engine with a dual contour nozzle, for customers such as the U.S. Space Force and the Department of Defense.
- Who founded iRocket?
- iRocket was founded by Asad Malik.
- Who are iRocket's investors?
- iRocket's investors include Gaingels, Red Beard Ventures.
- Where is iRocket headquartered?
- iRocket is headquartered in New York, US.