Fundraising Fox

Magdrive

Entrepreneur First '20

London, GB · Founded 2020 · 3 known investors

magdrivespace.com

Magdrive is building compact electromagnetic propulsion units for CubeSats and other small spacecraft. The thrusters target high specific impulse and fine attitude and orbit control, intended to lengthen mission duration while carrying less propellant.

Also known as MagDrive · Magdrive Ltd

Space Tech

Founders & leadership

Magdrive was founded in 2020 by Mark Stokes and Thomas Clayson.

MSMark Stokes
Mark StokesinCEOMark studied mechanical engineering and machine learning at Imperial College London. His career spans sales roles at both startups and Fortune 500 companies, alongside technical work in nanomechanics, industrial design, signal processing, robotics computer vision, and aerospace.
TCThomas Clayson
Thomas ClaysoninCTOThomas is a plasma physicist and pulsed power engineer who completed his PhD in plasma laboratory astrophysics at Imperial College London in 2018. His research involved generating plasmas with pulsed power machines and high-powered lasers to investigate magnetic fields, shock waves, and radiation.

Investors · 3

Also in the syndicate · 2

7percent VenturesOutsized Ventures

Company profile

researched Aug 2026

Magdrive Ltd is a British space propulsion company headquartered at the Harwell Science and Innovation Campus in Oxfordshire (Unit 4, Bep0 Building, Thomson Avenue, OX11 0GD). It develops electric plasma thrusters that use solid metal propellant and onboard energy storage to generate high-energy plasma, aiming to combine the high specific impulse associated with ion thrusters with substantially higher thrust at low mass and volume. The company markets a product family of three systems: Rogue, described as ready to launch with 100 W maximum charge power, 10 mN maximum thrust and 3 kNs total impulse; Warlock, listed on the website as launching 2027 with 150 W maximum charge power, 30 mN maximum thrust and 50 kNs total impulse (a separate website figure cites 50 mN maximum thrust for Warlock); and Paladin, listed as launching 2028 with 1 N+ maximum thrust.

Magdrive positions its systems for sustained rendezvous and proximity operations for satellite servicing and in-space servicing, assembly and manufacturing (ISAM); "stochastic movement" to make defence satellites harder to track; and constellation management, including high-cadence collision avoidance manoeuvres in congested low Earth orbit and end-of-life de-orbiting. Per SpaceNews, the Rogue is designed to fit in a 2U CubeSat form factor with thruster head, propellant tanks and power system integrated, so it can be deployed in arrays (2x2, 3x3, 4x4), and is offered for satellites of 10-400 kg. Wikipedia cites a Rogue dry mass of approximately 2.5 kg. The company also operates a "DEEP Lab" referenced on its site and has explored a Plasma thruster based Automated Deorbiting-Block (PAD-B) concept with the University of Southampton, in which roughly 1 kg nano-spacecraft carried by a mothership would attach to debris and de-orbit it.

Sources differ on founding date: internal records and one directory list 2020, while Harwell Campus, SpaceNews and Wikipedia state the company was founded in 2019 by CEO Mark Stokes, a mechanical and deep learning engineer, and CTO Dr Thomas Clayson, a plasma physicist and pulsed-power electronics engineer, who met at Imperial College London.

Founding story

Magdrive was founded by Mark Stokes and Dr Thomas Clayson, who met at Imperial College London, where Clayson earned a PhD in plasma physics. According to SpaceNews, the pair bonded over the idea of taking the lessons of pulsed power and scaling them down for satellite propulsion systems. Harwell Campus, SpaceNews and Wikipedia date the founding to 2019 in Oxfordshire, England, while other directory listings give 2020. Stokes is a mechanical and deep learning engineer with experience prototyping robotics and aerospace systems; Clayson is a plasma physicist and pulsed power electronics engineer. The company was associated with Entrepreneur First, which is listed both as an investor and as having Magdrive in its portfolio.

Business model

Magdrive designs and manufactures propulsion hardware sold to satellite and spacecraft operators. Following the 2025 seed round the company stated it was transitioning from an R&D outfit to a commercially focused R&D and manufacturing operation, building a UK manufacturing facility and beginning to manufacture sales units after the June 2025 flight demonstration. Its development has been part-funded by government grants from the UK Government, UK Space Agency and European Space Agency.

Sale of propulsion units (Rogue, and planned Warlock and Paladin systems) to satellite and spacecraft operators, supplemented historically by government grant and public funding.

Traction

First in-orbit experiment with EnduroSat launched on Falcon 9 Transporter-6 in 2023; first full-scale in-orbit test of the Rogue thruster (two thrusters) launched June 2025 with D-Orbit on the ION Satellite Carrier via Falcon 9 Transporter-14. Total funding of approximately $22.5 million including public funding as of early 2025, comprising a $2M pre-seed (2020), a $10.5M seed (February 2025) and more than $10M of government funding. The website lists Rogue as ready to launch, Warlock as launching 2027 and Paladin as launching 2028.

Latest developments

In February 2025 Magdrive closed a $10.5 million seed round led by Redalpine with participation from Founders Fund, Balerion Space Ventures, Alumni Ventures, Outsized Ventures, 7percent Ventures and Entrepreneur First, and announced a UK manufacturing facility plus a Los Angeles subsidiary. The Rogue thruster flew in June 2025 with D-Orbit on the "Going Rogue" mission. Magdrive and Perpetual Atomics signed a memorandum of understanding to develop nuclear-plasma hybrid propulsion systems combining Magdrive's plasma engines with radioisotope power units. Company website timelines list Warlock launching in 2027 and Paladin in 2028, later than the 2026 Warlock flight target Stokes gave to SpaceNews in early 2025.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Magdrive is one of several European and UK electric propulsion suppliers targeting small satellites; it differentiates on thrust-to-size rather than on being an incumbent supplier. It is listed in in-space economy databases alongside active debris removal and in-space transportation companies such as Astroscale, ClearSpace and Kall Morris. Investors and the company frame the technology as addressing manoeuvrability and longevity constraints for megaconstellations, in-space servicing and defence missions.

The company's stated differentiators are the use of solid metal propellant (storable, potentially refuellable from in-space sources) and a thrust level significantly higher than comparable electric propulsion systems of similar size and power, delivered in a CubeSat-scale integrated unit that can be arrayed for larger vehicles.

Technology

The thrusters use solid metal propellant combined with onboard energy storage and pulsed power techniques to create high-energy plasma, which the company says yields the high specific impulse of ion thrusters with an order-of-magnitude improvement in thrust and an order-of-magnitude reduction in volume and mass. The propellant is storable and, according to the company, could in future be sourced or refuelled from recycled space debris or asteroid mining. Rogue integrates thruster head, propellant tanks and power system into a 2U CubeSat form factor (~2.5 kg dry mass per Wikipedia) and can be clustered into arrays. Published performance figures: Rogue 100 W max charge power, 10 mN max thrust, 3 kNs total impulse (SpaceNews cites thrust as high as 30 mN for Rogue); Warlock 150 W, 30-50 mN, 50 kNs; Paladin 1 N+ max thrust.

Go-to-market

Direct sales of propulsion hardware to satellite operators, supported by in-orbit demonstration missions flown with partners (EnduroSat in 2023, D-Orbit in 2025) to establish flight heritage. A Los Angeles subsidiary was established to run business development and marketing for the US market, alongside a UK manufacturing facility.

Operators of small satellites and constellations (Rogue is offered for spacecraft of 10-400 kg), satellite servicing and ISAM providers, space logistics and servicing vehicles, and defence/military agencies seeking unpredictable orbital manoeuvring.

Geography

Headquarters and operations at Harwell Campus, Oxfordshire, United Kingdom, with a planned UK manufacturing facility and a US subsidiary in Los Angeles announced in February 2025. Investors are drawn from Europe and the US.

History

Founded in 2019 (per Harwell Campus, SpaceNews and Wikipedia), Magdrive raised a $2 million pre-seed round led by Founders Fund in 2020. It received public grants from the UK Government, the UK Space Agency and the European Space Agency, and participated in the Creative Destruction Lab Space stream in the 2022/23 cohort. In 2022 it worked with the University of Southampton on a £199,500 feasibility project for a plasma-thruster-based Automated Deorbiting-Block (PAD-B) system, planning flight hardware for a subcomponent prototype flight in June 2022. Wikipedia records a 2023 in-orbit experiment with EnduroSat on Falcon 9 Transporter-6 and cites a European Innovation Council item from February 2024 on EIC Accelerator funding and a €22.5M raise. In February 2025 the company announced a $10.5 million seed round led by Redalpine and plans for a UK manufacturing facility and a US subsidiary in Los Angeles. In June 2025 it launched its first two thrusters in collaboration with D-Orbit, the first full-scale in-orbit test of Rogue on the "Going Rogue" mission aboard a SpaceX Falcon 9 Transporter-14 rideshare.

Risks & controversies

Sources give inconsistent figures and dates: founding year is variously 2019 or 2020; Warlock maximum thrust is listed as both 50 mN and 30 mN on the company site; Rogue thrust is quoted as 10 mN on the website but up to 30 mN in SpaceNews; and Warlock's flight date moved from a stated 2026 target to a website listing of 2027. The technology remains early, with the first full-scale in-orbit test only conducted in June 2025 and larger systems (Paladin, PAD-B debris removal concept) still at concept or development stage. The defence application of untraceable satellite manoeuvring may carry regulatory and export exposure, though no specific controversy is reported in the sources.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Government/public funding receivedFeb 2025$10M
Paladin maximum thrustJan 20261 N
Rogue addressable satellite mass rangeFeb 202510 to 400 kilograms
Rogue dry massJan 20252.5 kg
Rogue maximum charge powerJan 2026100 W
Rogue maximum thrustJan 202610 mN
Rogue total impulseJan 20263 kNs
Total funding raised (including public funding)Jan 2025$22.5M
Warlock maximum charge powerJan 2026150 W
Warlock maximum thrustJan 202630 mN
Warlock total impulseJan 202650 kNs

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 8

launches, deals, and filings
Jun 2025
First in-orbit test of Rogue thruster on 'Going Rogue' mission with D-Orbit

Magdrive launched its first two thrusters into orbit with D-Orbit; the Rogue in-orbit demonstration flew on a SpaceX Falcon 9 Transporter-14 rideshare, hosted on D-Orbit's ION Satellite Carrier.

source ↗

Feb 2025
$10.5M seed round led by Redalpine

Seed round led by pan-European VC Redalpine with participation from Founders Fund, Balerion Space Ventures, Alumni Ventures, Outsized Ventures, 7percent Ventures and Entrepreneur First; proceeds for R&D, a UK manufacturing facility and a US office.

$10.5M source ↗

Feb 2025
Plans announced for UK manufacturing facility and Los Angeles subsidiary

Alongside the seed round, Magdrive announced it would build a UK manufacturing facility and open a US subsidiary in Los Angeles focused on business development and marketing.

source ↗

Jan 2025
MoU with Perpetual Atomics on nuclear-plasma hybrid propulsion

Magdrive and Perpetual Atomics signed a memorandum of understanding to develop nuclear-plasma hybrid propulsion systems combining Magdrive's plasma engines with Perpetual Atomics' radioisotope power units.

source ↗

Jan 2023
First in-orbit experiment with EnduroSat on Falcon 9 Transporter-6

Technology demonstration of Magdrive's plasma propulsion in microgravity, launched on Falcon 9 Transporter-6.

source ↗

Jan 2022
Selected for Creative Destruction Lab Space stream (2022/23 cohort)

Magdrive participated in Creative Destruction Lab's Space stream across the CDL-Atlanta, CDL-Oxford, CDL-Paris and CDL-Toronto sites.

source ↗

Jan 2022
PAD-B debris-removal feasibility project with University of Southampton

Magdrive led a £199,500 project with the University of Southampton to study the feasibility of a Plasma thruster based Automated Deorbiting-Block (PAD-B) system using ~1 kg nano-spacecraft, with flight hardware for a subcomponent prototype flight planned for June 2022. Amount stated in GBP (£199,500).

$199.5K source ↗

Jan 2020
$2M pre-seed round led by Founders Fund

Magdrive raised a $2 million pre-seed round led by Founders Fund.

$2M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Magdrive do?
UK startup building compact, high-thrust electric plasma thrusters that use solid metal propellant for small satellites.
Who founded Magdrive?
Magdrive was founded by Mark Stokes, Thomas Clayson in 2020.
Who are Magdrive's investors?
Magdrive's investors include Entrepreneur First.
Where is Magdrive headquartered?
Magdrive is headquartered in London, GB.