Portal Space Systems has raised $50M in funding as it prepares to launch its first orbital vehicle, which is designed for rapid maneuvers. The company is also reportedly developing a new spacecraft called Starburst and has partnered with Paladin to create an orbital trash disposal service. However, there is some uncertainty about the funding amount, as a previous seed round was reportedly $17.5M, and another company, Northwood Space, was mentioned in a separate funding announcement.