HyImpulse Technologies
Overview
Sells suborbital and orbital launch services built on in-house paraffin/LOX hybrid propulsion, extended by an orbital transfer vehicle for last-mile satellite delivery.
Moat: The only company to have flown a commercial-scale paraffin/LOX hybrid launch vehicle — hybrids are non-explosive and non-toxic on the ground, materially lowering range, licensing and handling costs versus liquid or solid competitors.
Business
Primary customers
- Government: ESA
Sectors
Launch Vehicles · Propulsion · In-Space Transportation
Key Products
- SR75operational
250 kg-class suborbital rocket, 75 kN paraffin/LOX hybrid engine.
First flight: 2024-05-01
- SL1development
Orbital launcher, 600 kg to LEO, targeted for late 2026.
- HyMOVEdevelopment
Orbital transfer vehicle, up to 400 kg.
Near-term Catalysts
- 2026
SL1 first orbital flight
The make-or-break event converting HyImpulse from a suborbital test-flight company into an orbital launch provider.
- 2026
SaxaVord Spaceport launch agreement
Signed March 2026, securing a European orbital launch site.
Top Risks
- SL1 schedule slip — no orbital-class vehicle from any German startup has yet reached orbit.
- A crowded European small-launch field (Isar, RFA, Orbex, PLD Space, Latitude) chasing a payload market that may not support all entrants.
- Hybrid propulsion carries a specific-impulse penalty versus liquid engines, constraining performance and price competitiveness at scale.
Recent Milestones
- 2024-05-01
First SR75 launch from Koonibba Test Range, Australia
- 2024-11-01
€11.8M ESA funding awarded to accelerate SL1
- 2025-10-01
Secures €45M in funding
- 2026-03-19
Signs launch agreement with SaxaVord Spaceport
- 2026-06-02
Signs letter of intent with Etlaq Spaceport, Oman
What investors should know
Q1What makes HyImpulse's rockets different?⌄
Q2Has HyImpulse flown anything?⌄
Q3What is SL1?⌄
Q4Where will it launch from?⌄
Q5How is it funded?⌄
Peers
Sources & References
Investor Relations
- HyImpulse — about-us / history · 2026-07-25
- HyImpulse — homepage (product specs) · 2026-07-25
