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capsule-corporation

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Capsule Corporation is an innovative startup in the SpaceTech upstream sector, specializing in the development of water-based propulsion systems for CubeSats and SmallSats. Established in 2023 and headquartered in Milan, Italy, the company aims to facilitate access to sustainable and cost-effective propulsion solutions, thereby enhancing satellite longevity and enabling efficient de-orbiting processes.

Key Strategic Focus

Capsule Corporation's primary objective is to revolutionize small satellite propulsion by offering environmentally friendly, water-based systems. Their flagship product, WaterCube, is designed to provide non-pressurized, customizable, and energy-efficient propulsion solutions suitable for various orbital maneuvers, including collision avoidance, orbit maintenance, formation flight, and de-orbiting.

Financials and Funding

Since its inception, Capsule Corporation has secured funding through participation in esteemed programs such as the Takeoff Accelerator in Turin and the ESA BIC incubation program in Milan. These initiatives have provided the company with essential resources and mentorship to advance its technological developments.

Pipeline Development

The company's primary product, WaterCube, is in the final stages of development, with a market launch anticipated in the first quarter of 2026. This propulsion system is tailored for CubeSats and SmallSats, offering a sustainable and efficient solution for a wide range of space missions.

Technological Platform and Innovation

Capsule Corporation's WaterCube propulsion system stands out due to its innovative use of demineralized water as a propellant, ensuring a non-pressurized and environmentally friendly solution. Key features include:

  • Customizability: Propellant loading up to 1 kg, with tank shapes adaptable to user-specific form factors.

  • Low Power Consumption: Operational modes with power usage ranging from 5 to 25 W.

  • Miniaturization: Unit volumes starting from 0.6U, scalable up to 1.5U based on propellant requirements.

  • High Performance: Specific impulse exceeding 90 seconds, thrust between 3 to 4 mN, and total impulse ranging from 200 to 1000 Ns, depending on propellant load.

  • Modularity: Plug-and-play capability allows clustering of multiple units to meet diverse mission needs.


These attributes position WaterCube as a versatile and cost-effective propulsion solution for small satellite missions.

Leadership Team

Capsule Corporation is led by a team of dedicated professionals with diverse technical backgrounds:

  • Francesco Marino: Co-Founder, Chief Executive Officer, and Chief Technology Officer. Holds an M.Sc. in Space Engineering from Politecnico di Milano, with extensive experience in the space industry since 2018, including roles in major spacecraft integrators and startups across Italy and abroad.

  • Ivan Nizzola: Co-Founder, Chief Operating Officer, and Chief Product Officer. Pursuing an M.Sc. in Energy Engineering at Politecnico di Milano, with experience in mechanical design within the Oil & Gas sector, and expertise in thermal optimization and energy production systems.

  • Dani Kiblawi: Propulsion Development Engineer. Holds an M.Sc. in Space Engineering from Politecnico di Milano, with research experience at Fraunhofer Institute focusing on rocket propellants R&D, and proficiency in aerospace systems modeling, simulation, and testing.

  • Pantelis Papadopoulos: Avionics Development Engineer. M.Sc. graduate in Computer Science Engineering from the University of Patra, with over three years of experience in avionics systems design and development.

  • Athos Bernabei: Aerospace Engineer. Aerospace Engineering student at Sapienza University, with three years of experience in space systems as a member of the SASA Rover Team's robotic arm development division.

  • Lorenzo Duranti: Mechanical Development Engineer. Near-graduate in Mechanical Engineering from Sapienza University, leading the robotic arm development division in the SASA Rover Team.

  • Riccardo Milici: Software Development Intern. Near-graduate in Computer Science Engineering from Politecnico di Milano, with prior experience in IT and software development.

  • Gianluigi Ruggieri: Propulsion Development Intern. Near-graduate in Aerospace Engineering from Politecnico di Torino, specializing in aerospace propulsion systems.


This multidisciplinary team is committed to advancing sustainable and efficient propulsion technologies for small satellites.

Competitor Profile

Market Insights and Dynamics:

The small satellite propulsion market is experiencing significant growth, driven by increasing demand for cost-effective and sustainable solutions. Capsule Corporation's focus on water-based propulsion aligns with industry trends emphasizing environmental responsibility and operational efficiency.

Competitor Analysis:

Key competitors in the small satellite propulsion sector include:

  • NanoAvionics: Offers turnkey small satellite solutions, including propulsion systems, with a focus on modularity and scalability.

  • Dawn Aerospace: Develops green propulsion systems for small satellites, emphasizing rapid production and integration.

  • Exotrail: Provides electric propulsion solutions for small satellites, aiming to enhance mission flexibility and lifespan.


Capsule Corporation differentiates itself through its unique water-based propulsion technology, offering a sustainable and customizable alternative in the market.

Strategic Collaborations and Partnerships

Participation in the Takeoff Accelerator and ESA BIC Milan incubation program has enabled Capsule Corporation to access valuable resources, mentorship, and networking opportunities, accelerating the development and commercialization of its propulsion systems.
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