Ursa Major, a Colorado-based manufacturer of liquid engines for small space launchers and hypersonic vehicles, announced Dec. 7 it has closed an $85 million Series C fundraising round.
"It doesn't necessarily mean buying a company. It could be buying a product line. It could be buying a portion of a business that fits with us. We want to make sure that it's strategic."
Founded in 2015, Ursa Major wants to build engines for companies building small launch vehicles. Most such ventures want to make nearly everything in house, just like SpaceX and Blue Origin.