WASHINGTON — Rocket engine startup Ursa Major said Nov. 18 it raised $100 million in Series E funding and locked in another $50 million in debt commitments, giving the Colorado company new equity and access to borrowed capital as it expands deeper into the U.S. defense market.

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Sandra Erwin writes about military space programs, policy, technology and the industry that supports this sector. She has covered the military, the Pentagon, Congress and the defense industry for nearly two decades as editor of NDIA’s National Defense...