SPACE INDEX COMPANIES INSIGHTS SECTORS PRODUCTS NEWS BLOG ANSWERS RESEARCH ABOUT FOR COMPANIES BUILD / 2026.06.04
Magdrive logo Magdrive Develops high-thrust electric plasma propulsion systems for satellites and spacecraft using pulsed power and solid metal propellant vs Perigee Aerospace Develops small-lift methane-fueled launch vehicles and manufactures liquid propulsion systems, composite tanks, and satellite thrusters Perigee Aerospace logo
HEAD-TO-HEAD2 shared sectors
Magdrive Perigee Aerospace
Founded 2020 2018
Headquarters United Kingdom Daejeon, South Korea
Type private private
Status operating operating
Employees 37 16
Total funding $10.5M $56.6M
Latest round Seed Series D
Sectors Space Propulsion, Satellite Components & Subsystems Launch Services, Satellite Components & Subsystems, Space Propulsion
Products listed 3 6
Federal contracts
Launches
Leaders listed Mark Stokes, Dr Thomas Clayson, Harald Nieder Yoon Shin, Seonghyeon Seo, Alan Kim
News mentions 0 15
SHARED SECTORS
FREQUENTLY ASKED

How do Magdrive and Perigee Aerospace compare?

Both companies work in Space Propulsion, Satellite Components & Subsystems. Magdrive was founded in 2020 and Perigee Aerospace in 2018.

Which is larger, Magdrive or Perigee Aerospace?

Magdrive reports the larger workforce, with 37 employees versus 16.

Numbers refresh on every render against the live Space Index database. Federal contract data from USAspending.gov; launches from LaunchLibrary2.