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 Spacety Small satellite manufacturer operating a dual-band SAR constellation for all-weather Earth observation and providing satellites-as-a-service for rapid in-orbit technology demonstrations Spacety logo
HEAD-TO-HEAD1 shared sector
Magdrive Spacety
Founded 2020 2016
Headquarters United Kingdom Changsha, China
Type private private
Status operating operating
Employees 37 200
Total funding $10.5M $250M
Latest round Seed Private Equity
Sectors Space Propulsion, Satellite Components & Subsystems Earth Observation & Remote Sensing, Satellite Manufacturing, Satellite Components & Subsystems
Products listed 3 4
Federal contracts
Launches
Leaders listed Mark Stokes, Dr Thomas Clayson, Harald Nieder Justin Yang Feng, Ren Weijia
News mentions 0 0
SHARED SECTORS
FREQUENTLY ASKED

How do Magdrive and Spacety compare?

Both companies work in Satellite Components & Subsystems. Magdrive was founded in 2020 and Spacety in 2016.

Which is larger, Magdrive or Spacety?

Spacety reports the larger workforce, with 200 employees versus 37.

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