Startup profile for X-Bow Systems: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.

Startup profile · funding coverage

X-Bow Systems funding, valuation and investors

Builds additively manufactured solid rocket motors, energetics systems and small launch vehicles.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series B

>$105M · May 12, 2025

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

Not publicly disclosed

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

series b · Albuquerque, New Mexico

Investors in latest funding

Lead: Lockheed Martin Ventures

Other: Razor's Edge Ventures , Crosslink Capital , Balerion Space Ventures , Boeing Ventures , Bravo Victor Venture Capital , Upsher Management Company , Capital Factory Ventures , Arkenstone Capital , Event Horizon Capital

Sources: latest funding · prnewswire.com Last verified: 2026-10-29

Overview

X-Bow Systems is an Albuquerque-based aerospace and defense manufacturer developing solid rocket motors, energetic propellant grains and modular production systems. Its Advanced Manufacturing of Solid Propellant process is intended to reduce tooling and support more flexible motor production.

Why X-Bow Systems is interesting

Its $105 million-plus Series B paired growth capital with a Lockheed Martin supplier agreement, giving the financing a direct route into defense-prime programs.

Product & use cases

X-Bow uses additive manufacturing to produce solid propellant grains and modular motors. It also describes a mobile energetics production system called Rocket Factory in a Box.

  • Solid rocket motors for tactical and strategic defense programs
  • Hypersonic component flight tests
  • Orbital and suborbital launch services

Key facts

  • Closed more than $105 million in Series B financing on May 12, 2025.
  • Signed a strategic agreement for Lockheed Martin to accelerate X-Bow as an independent solid-rocket-motor supplier.

Funding history (newest first)

Series B

2025-05-12 >$105M
  • Lockheed Martin Ventures (lead)
  • Razor's Edge Ventures (participant)
  • Crosslink Capital (participant)
  • Balerion Space Ventures (participant)
  • Boeing Ventures (participant)
  • Bravo Victor Venture Capital (participant)
  • Upsher Management Company (participant)
  • Capital Factory Ventures (participant)
  • Arkenstone Capital (participant)
  • Event Horizon Capital (participant)

Source: Read source · prnewswire.com

Investors in our directory

Funds linked from X-Bow Systems's profile — open a fund page for stage focus and related deal articles.

Competitive landscape

Edge: X-Bow combines propellant additive manufacturing, modular motor designs and production systems. Its supplier agreement with Lockheed Martin provides a potential channel into established programs, while qualification and repeatable output remain the operating test.

Firehawk is the closest venture-backed comparison in advanced propellant manufacturing. Ursa Major spans a wider propulsion portfolio, while Aerojet Rocketdyne and Northrop Grumman remain incumbent suppliers.

  • Firehawk Defense direct

    Thermoplastic propellant and small-diameter solid rocket motors.

  • Ursa Major direct

    Solid rocket motors, hypersonics and space propulsion.

  • Aerojet Rocketdyne incumbent

    Established U.S. propulsion supplier.

  • Northrop Grumman incumbent

    Large incumbent solid rocket motor producer.

Industries

Market / IPO context

Editorial / static context — not a live quote.

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.