Isar Aerospace

Isar Aerospace is a German aerospace company based in Munich, Germany. The company was founded in 2018.[1] The company is named after the river that flows in Munich.[2]

Logo

Isar Aerospace intends to manufacture 80% of the rocket themselves, using almost only technology from the area surrounding Munich.[3]

The company is developing Spectrum, a two-stage, liquid-fueled rocket designed to launch 1,000 kilograms to low Earth orbit.[4]

In April 2020 Isar Aerospace closed US$17M in Series A funding to build its space platform.[5]

In December 2020, the company got an additional €75 million ($91 million) in funding. The first launch of the rocket is planned for 2022.[6]

In April 2021, Isar Aerospace, signed a contract with Andøya Space to lease the launch pad.[7] The 20-year deal will allow the company to launch the Spectrum.

In July 2021, Porsche has acquired a small stake in Isar Aerospace.[8] The financial terms of the deal are not disclosed, but it is known that in the new round of financing, the startup raised about $75 million.[9] The company commented this purchase by explaining that Isar Aerospace has great potential to become a leading European manufacturer of launch vehicles.

The first test flight of Isar Aerospace is scheduled for 2022.

In total, the startup has raised more than $180 million from investors such as HV Capital, Lakestar, Earlybird and Airbus Ventures.[10]

See also

References
  1. Berger, Eric (September 21, 2020). "A German rocket startup seeks to disrupt the European launch industry". Ars Technica.
  2. "US interest in German space start-ups is not rocket science". www.ft.com.
  3. "German Aerospace Startup Joins the International Space Race". amp.interestingengineering.com.
  4. "German launch startup raises $17 million with help from Airbus Ventures and an ex-SpaceX employee". SpaceNews. December 12, 2019.
  5. Maday, Melissa (April 16, 2020). "Isar Aerospace Expands Into Next-Generation Rocket Production Facilities Near Munich". SpaceWatch.Global.
  6. "Germany's Isar Aerospace raises $91M to get its satellite launch vehicle off the ground".
  7. "Isar Aerospace signs exclusive launch pad in Norway for up to 20 years". www.andoyaspace.no. Retrieved 2021-10-12.
  8. "Porsche инвестировала в разработчика ракет-носителей Isar Aerospace". inventure.com.ua (in Russian). Retrieved 2021-10-12.
  9. "Porsche приобрела долю в разработчике ракет-носителей". TAdviser.ru. Retrieved 2021-10-12.
  10. "Porsche приобрела долю в разработчике ракет-носителей". TAdviser.ru. Retrieved 2021-10-12.


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