Balerion Space Venture

Balerion Space Venture is a venture capital investment firm based in Dallas, Texas, founded in 2022. The firm focuses on investing in early to mid-stage private companies within the space industry, as well as related sectors such as connectivity, infrastructure, industrials, energy, consumer, and transport. By targeting innovative companies in these fields, Balerion aims to support the growth and development of transformative technologies and services that enhance space exploration and utilization.

Daniel Wallman

Partner

Past deals in Aerospace

Northwood Space

Series A in 2025
Northwood Space is a hardware solution that dramatically increases the number of orbits and frequency bands available for satellite communications from the ground.

Magdrive

Seed Round in 2025
Magdrive Limited, established in 2019 and headquartered in Didcot, United Kingdom, specializes in developing advanced spacecraft propulsion systems tailored for small satellites. The company's innovative technology features a plasma thruster that combines the high thrust of chemical rockets with the high efficiency of electric thrusters. This dual capability allows spacecraft to travel faster and longer while reducing propellant requirements, thereby lowering costs and improving fuel efficiency for satellite maneuvers and missions in Low Earth Orbit (LEO).

Starpath Robotics

Seed Round in 2024
Starpath Robotics builds spacecraft propellant that reduces the deep space transport cost.

Phantom Space

Venture Round in 2024
Phantom Space Corporation is a Tucson, Arizona-based company that specializes in developing space transportation systems. Established in 2019, Phantom Space focuses on creating innovative satellite systems, propulsion technologies, and launch vehicles. The company's mission is to democratize access to space by providing new satellite launch capabilities at significantly lower costs compared to larger providers. By leveraging existing supply chains and mass-production techniques, Phantom Space enables clients to transport assets to space using dedicated vehicles in a cost-effective manner. The company's leadership consists of experienced entrepreneurs with backgrounds in venture capital, investment banking, and technology startups.

X-Bow Launch Systems

Venture Round in 2023
X-Bow Launch Systems Inc., located in Albuquerque, New Mexico, specializes in the production of advanced solid rocket motors and hypersonic technologies for both commercial and government applications. The company provides a comprehensive service that encompasses the design, testing, and launching of solid propellant systems. Utilizing additive manufacturing technology, X-Bow develops customizable and cost-effective rocket motors, positioning itself as an innovative player in the aerospace industry.

X-Bow Launch Systems

X-Bow Launch Systems Inc., located in Albuquerque, New Mexico, specializes in the production of advanced solid rocket motors and hypersonic technologies for both commercial and government applications. The company provides a comprehensive service that encompasses the design, testing, and launching of solid propellant systems. Utilizing additive manufacturing technology, X-Bow develops customizable and cost-effective rocket motors, positioning itself as an innovative player in the aerospace industry.
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