The company is a DLR spinoff founded in 2018 out of the chemical propulsion center of the German space agency's Lampoldshausen facility.

[2] The company is developing a three-stage hybrid rocket designed to transport to LEO satellites of up to 500 kg named SL1.

On 28 July 2023, the United Kingdom's UK Civil Aviation Authority (CAA) granted HyImpulse permission to launch its SR75 rocket for the first time from SaxaVord Spaceport in Scotland between 1 December 2023 and 30 November 2024.

[5] However, in November 2023 it was announced that the SR75 maiden flight will take place in March 2024 from the Koonibba Test Range in Australia, operated by Southern Launch.

[6] On 3 May 2024, the SR75 launched on its maiden flight (mission titled "Light this Candle") from the Koonibba Test Range, the ascent was successful.