Portal Space Systems
Washington, US · Founded 2021 · Delaware corporation · 17 known investors
Portal Space Systems develops advanced spacecraft, including its flagship Supernova vehicle, designed for high delta-v maneuverability and multi-orbit operations in cislunar space. The company serves commercial and government customers seeking orbital transportation and refueling capabilities.
Also known as Portal · Portal Space
Founders & leadership
Portal Space Systems was founded in 2021 by Jeffery Thornburg.


Board

Investors · 17
Also in the syndicate · 5
Funding
SEC filings, press & company announcements$61.5M disclosed across 1 of 3 rounds · 2025–2026
- Undisclosed amountseed roundApr 2025
AlleyCorp (lead), Atypical, First In, FUSE, Mach33, Offline Ventures, TFX
Source ↗
▶$61.5MraisedMar 2026 · 32 investors · OtherRule 506(b)
- Rayfe Gaspar-AsaokaDirector
- Ian VorbachDirector
- Prashaanth RavindranDirector
- Jeffery ThornburgExecutive Officer, Director, Promoter
- Offering amount
- $72.4M
- Amount sold
- $61.5M
- First sale
- Mar 2026
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Portal Space Systems is a spacecraft manufacturer headquartered in Bothell, Washington, that develops vehicles designed for sustained on-orbit maneuverability rather than fixed mission profiles. Its flagship vehicle, Supernova, is a payload-agnostic bus with a stated 500 kg mass and up to 6 km/s of delta-v, enabling repositioning across LEO, MEO, GEO and cislunar space, refuelability, and a multi-year operational life. Supernova is powered by a solar thermal propulsion (STP) system: deployable and re-stowable mirror concentrators focus sunlight onto a receiver, heating a thermal battery that surrounds the company's 3D-printed HEX thruster, which combines heat exchanger and nozzle into a single component with no internal interfaces or moving parts. A storable monopropellant passes through the thruster, absorbs the stored heat and expands out the nozzle. Company materials describe transfers of LEO to GEO in hours, LEO to MEO in minutes and LEO to cislunar in days, and taskability within minutes with payload swaps in under 24 hours.
Alongside Supernova, Portal has introduced Starburst, an ESPA-class rapid-maneuverability spacecraft that uses a more conventional thruster system but shares roughly 80-81% of its components with Supernova. Starburst-1 is manifested on SpaceX's Transporter-18 mission in Q4 2026 for a yearlong sun-synchronous-orbit mission demonstrating rendezvous and proximity operations, rapid retasking and orbital maneuverability, carrying TRL11's video camera and edge processing system and Zenno Space's superconducting magnetic actuator. An experimental payload nicknamed Mini-Nova was launched to test flight computer, control software and power systems for both vehicles. Supernova's debut mission is targeted for 2027.
Stated applications span national security (space domain awareness, cislunar logistics and tactical mobility, rapid response, non-kinetic ISR support, proximity operations), science and exploration (low-cost lunar insertion, experimental platform delivery, orbital repositioning to extend mission life, potential Artemis-related logistics), and commercial operations (constellation maintenance, life extension and servicing, and debris mitigation and removal).
Founding story
Portal Space Systems was founded in 2021 by Jeff Thornburg, who previously served as VP of Propulsion at SpaceX (where he was an architect of the Raptor engine), led mechanical engineering and manufacturing/engineering at Amazon's Project Kuiper, was Chief Engineer at Commonwealth Fusion, and served as an Air Force officer. He co-founded the company with Ian Vorbach (initially COO, later President and CRO; previously Stratolaunch propulsion engineer and an early BodyArmor employee) and Prashaanth Ravindran (VP of Engineering; previously senior propulsion analyst at Blue Origin and propulsion lead CFD engineer at Stratolaunch). The founders describe having repeatedly encountered the constraint that mission options vanish once a spacecraft reaches orbit.
Business model
Portal designs, manufactures and operates maneuverable spacecraft and offers their mobility and payload-hosting capability to customers, either by delivering and repositioning customer payloads or by performing on-orbit missions such as inspection, servicing, life extension and debris removal. Development has been part-funded by U.S. government programs, including Department of Defense/Space Force awards and a SpaceWERX STRATFI award, alongside venture capital.
Sources describe missions and services sold to defense, civil and commercial customers, including payload transport and deployment, on-orbit servicing and debris removal partnerships, supported by government development contracts; specific pricing or contract values beyond announced awards are not detailed.
Traction
Portal emerged from stealth in 2024 with over $3 million in Department of Defense and Space Force funding, subsequently earned STRATFI support including $45 million from the U.S. Space Force's SpaceWERX program, and raised a $17.5 million seed round in 2025 followed by a $50 million Series A in April 2026. Operational milestones include flight heritage on avionics via the Mini-Nova launch, completed HEX thruster ground testing at operational performance in thermal vacuum, Starburst-1 manifested on SpaceX Transporter-18 in Q4 2026, a Supernova debut mission targeted for 2027, growth to roughly 40 employees with plans for about 100 in 2026, and development of a 52,000-square-foot manufacturing facility in Bothell. Company materials also cite over $20 million in VC funding to date (as of the About page) and partnerships with Paladin Space and Starlab.
Latest developments
In April 2026 Portal announced a $50 million Series A co-led by Geodesic Capital and Mach33 with participation from Booz Allen Ventures, ARK Invest, AlleyCorp and FUSE. The company reported flight heritage on its flight computer and power system through Mini-Nova, completion of HEX thruster ground testing at operational performance in thermal vacuum, Starburst-1 manifested on SpaceX's Transporter-18 mission with a possible October 2026 launch, a Supernova-1 debut targeted for 2027, an expansion to a 52,000-square-foot Bothell manufacturing facility, plans to grow from about 40 employees toward 100 in 2026, and an ambition to build as many as four spacecraft per month by the end of 2027. It is also progressing a second Starburst build and the Paladin Space debris removal service, with Starlab having signed a letter of intent.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Portal presents itself as a next-generation spacecraft manufacturer addressing on-orbit mobility, a capability it argues has lagged improvements in launch access. It was named a Via Satellite "Top 10 Startup to Watch," and its $17.5 million seed round was described as one of the largest publicly disclosed seed financings in the sector at the time; lead investor Mach33's group CEO stated confidence that Portal will become a "Space Mobility Prime."
Portal positions solar thermal propulsion as combining the high thrust of chemical systems with the endurance of electric propulsion, claiming performance comparable to nuclear systems without reactors or associated regulatory constraints. It cites an over 50x improvement in spacecraft mobility versus existing products, taskability in minutes, payload swaps in under 24 hours, and a high degree of component commonality (roughly 80-81%) between Starburst and Supernova to accelerate development and transfer flight heritage.
Technology
Portal's core technology is solar thermal propulsion. Deployable, re-stowable mirror concentrators focus sunlight to generate thermal energy the company compares to a compact nuclear reactor; the heat is stored in a thermal battery enveloping the proprietary HEX thruster, a 3D-printed unit integrating heat exchanger and nozzle with no internal interfaces or moving parts. A safe, storable monopropellant (described in one account as ammonia-based) is heated as it passes through the thruster and exhausted at high velocity, providing up to 6 km/s delta-v. Solar concentrators are supplied by subcontractors with long heritage, and the heat exchangers use additive manufacturing techniques developed for Raptor-class engines. The company reports completing ground testing of the HEX thruster and reaching operational performance in thermal vacuum conditions, and achieving flight heritage on its flight computer and power system via Mini-Nova. Starburst uses more conventional propulsion while reusing most Supernova subsystems.
Go-to-market
The company sells directly to U.S. government and defense customers, having emerged from stealth with Department of Defense and Space Force funding and later a SpaceWERX award, while pursuing commercial operators through mission partnerships. It has established early partnerships with Paladin Space for maneuverable debris removal (DRAAS) and with Starlab, which signed a letter of intent to integrate the Portal-Paladin service into future commercial space station operations. Public demonstration missions (Mini-Nova, Starburst-1, Supernova-1) serve as capability proof points for prospective customers.
National security and defense organizations (U.S. Space Force, Department of Defense, allied/coalition users), civil and science customers requiring payload delivery and lunar insertion, and commercial satellite operators needing constellation maintenance, life extension, servicing and debris mitigation.
Geography
Headquartered in Bothell, Washington, in the Seattle area, with an 8,000-square-foot R&D site in Washington for component testing and engine hot-fire validation and a 52,000-square-foot manufacturing facility under development in Bothell. Open roles are listed in Bothell, WA. Partnerships extend internationally, including Australian venture Paladin Space and investor Geodesic Capital's U.S.-Japan technology focus.
History
Founded in 2021, Portal emerged from stealth on April 30, 2024 with more than $3 million in Department of Defense and Space Force funding to develop the Supernova satellite bus, initially targeting a first launch in late 2025. It announced a $17.5 million seed round in 2025 and received $45 million from the U.S. Space Force SpaceWERX program. In November 2025 it unveiled Starburst, an ESPA-class rapid-maneuverability spacecraft, with the Starburst-1 mission announced for SpaceX in Q4 2026. In December 2025 Washington State awarded $350,000 through its Strategic Reserve Fund to accelerate manufacturing in Bothell. A Mini-Nova experimental payload reached orbit in early 2026, and in March 2026 Portal and Paladin Space announced commercially structured debris removal infrastructure with Starlab as an early partner. On April 9, 2026 the company announced a $50 million Series A.
Risks & controversies
Portal remains pre-revenue-scale and development-stage: its principal vehicles have not yet flown as free-flying demonstrators, with Starburst-1 and Supernova missions scheduled for late 2026 and 2027 respectively. Timelines have shifted from the initially stated late-2025 first Supernova launch. Execution depends on validating solar thermal propulsion in flight, standing up a much larger manufacturing facility and workforce, and continued reliance on U.S. government defense programs for a significant share of funding.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 4
by search overlapCompanies competing with Portal Space Systems for the same Google search keywords, organic and paid, via search-intersection analysis.
Non-dilutive funding · 1 SBIR/STTR award
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase I | 2023 | $74.9K |
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.
Timeline · 9
launches, deals, and filingsSeries A financing to accelerate development of rapidly maneuverable spacecraft, with participation from Booz Allen Ventures, ARK Invest, AlleyCorp and FUSE.
$50M source ↗
Portal and Australian venture Paladin Space announced a commercially structured orbital debris tracking and removal service (DRAAS); Starlab Space signed a letter of intent to integrate the service into future commercial space station operations.
An experimental payload nicknamed Mini-Nova was sent into orbit to test control software, flight computer and power systems for Starburst and Supernova; the company reported it healthy and cited resulting flight heritage on critical avionics.
Portal initiated development of and is preparing to move into a 52,000-square-foot manufacturing facility in Bothell, Washington to support the transition from development to production.
GeekWire reports the first Supernova launch is enabled in part by $45 million in funding from the U.S. Space Force's SpaceWERX program.
$45M source ↗
Washington State awarded $350,000 via its Strategic Reserve Fund to accelerate Portal's manufacturing in Bothell.
$350K source ↗
Portal unveiled Starburst, an ESPA-class rapid-maneuverability spacecraft, and announced the Starburst-1 mission flying on SpaceX in Q4 2026.
Portal Space Systems announced its emergence from stealth with more than $3 million in funding from the Department of Defense and Space Force to support development and launch of its Supernova satellite bus.
$3M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Portal Space Systemsportalsystems.space · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Portal Space Systems do?
- Portal Space Systems builds solar-thermal-propelled, rapidly maneuverable spacecraft for orbits from LEO to cislunar space.
- Who founded Portal Space Systems?
- Portal Space Systems was founded by Jeffery Thornburg in 2021.
- Who are Portal Space Systems's investors?
- Portal Space Systems's investors include AlleyCorp, Booz Allen Ventures, FUSE, Geodesic Capital, IceNine, TFX Capital, Trajectory Ventures, WorldQuant Ventures and 4 more.
- How much funding has Portal Space Systems raised?
- Portal Space Systems has disclosed $61.5M raised across 1 of its 3 known rounds.
- Where is Portal Space Systems headquartered?
- Portal Space Systems is headquartered in Washington, US.





