Thu. May 30th, 2024

Helicity Space, a company focused on fusion propulsion technology, has raised $5 million in seed funding from a consortium of investors. The company’s Helicity Drive technology is based on principles such as plectonemic plasma jets, magnetic reconnection, and peristaltic magnetic compression. The funding will be used to develop scalable fusion propulsion engines, which could revolutionize space travel by making it safer, faster, and more fuel-efficient. The technology could also have implications for terrestrial energy needs, although this remains an area of speculation and debate. The funding round and the company’s innovative approach mark a significant milestone in the development of fusion-powered space propulsion.

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