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 Satrec Initiative Designs and manufactures Earth observation satellites, electro-optical payloads, and ground systems for end-to-end GEOINT solutions Satrec Initiative logo
HEAD-TO-HEAD1 shared sector
Magdrive Satrec Initiative
Founded 2020 1999
Headquarters United Kingdom Daejeon, South Korea
Type private public
Status operating operating
Employees 37 461
Total funding $10.5M
Latest round Seed
Sectors Space Propulsion, Satellite Components & Subsystems Satellite Manufacturing, Earth Observation & Remote Sensing, Satellite Components & Subsystems
Products listed 3 8
Federal contracts
Launches
Leaders listed Mark Stokes, Dr Thomas Clayson, Harald Nieder Ee-Eul Kim, Eugene D. Kim
News mentions 0 0
SHARED SECTORS
FREQUENTLY ASKED

How do Magdrive and Satrec Initiative compare?

Both companies work in Satellite Components & Subsystems. Magdrive was founded in 2020 and Satrec Initiative in 1999.

Which is larger, Magdrive or Satrec Initiative?

Satrec Initiative reports the larger workforce, with 461 employees versus 37.

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