Isar Aerospace is a German aerospace manufacturer and launch service provider founded in 2018. They are developing "Spectrum," a two-stage, liquid-fueled rocket designed to launch small to medium-sized satellites (up to 1,000 kg) into low Earth orbit. Isar Aerospace operates launch sites in Andøya, Norway and intends to launch from Guiana Space Centre in French Guiana and has secured contracts with customers like Airbus Defence and Space and the Norwegian Space Agency. The company's key investors include the NATO Innovation Fund, Earlybird, Airbus Ventures, and Lakestar.
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Joram Voelklein has been investing in technology since 2015 and made an early angel investment in launch company Isar Aerospace together with Bulent Altan.
The Munich-area production facility will enable Isar Aerospace to produce 40 Spectrum launch vehicles per year in the future.
Isar Aerospace extended its Series C round by more than €65 million, bringing the total Series C funding to more than €220 million.
Isar Aerospace is the most capitalized independent New Space company in Europe based on more than €400 million in total funding.
The Series C extension funding will enable Isar Aerospace to continue investing in the build-up and equipment for its series production.
Isar Aerospace has raised more than €400 million in total funding since its foundation in 2018.
Isar Aerospace developed proprietary know-how through full vertical integration and owns its design, production, and testing operations in-house.
Isar Aerospace announced in May 2024 the establishment of a commercial launch vehicle production facility near Munich, Germany.
Isar Aerospace is based near Munich and develops and builds launch vehicles for transporting small and medium-sized satellites and satellite constellations into Earth orbit.
Isar Aerospace will collaborate with VGP Group to develop and build the Munich-area production facility.
Isar Aerospace plans to develop a new headquarters in the Munich suburb of Vaterstetten that will include a factory capable of producing up to 40 Spectrum rockets a year.
Isar Aerospace raised more than 65,000,000 EUR in an extension of its Series C round on 2024-06-20.
At the Satellite 2024 conference in March 2024, Isar Aerospace planned an inaugural Spectrum launch for summer 2024.
Isar Aerospace has raised more than 400,000,000 EUR to date.
Isar Aerospace is working toward its first Spectrum mission before the end of 2024.
Isar Aerospace is preparing to launch its Spectrum rocket from Andøya Spaceport in Norway with the goal of launching in the summer of 2023.
Stella Guillen, chief commercial officer of Isar Aerospace, believes Starship will open opportunities for larger satellites.
Isar Aerospace, Orbex, PLD Space, and Rocket Factory Augsburg are four startups selected for the European Flight Ticket Initiative that are working on small launch vehicles.
Isar Aerospace has exclusive access to the first launch site at Andøya Spaceport, which was built to Isar Aerospace’s specifications.
The first launch site at Andøya Spaceport includes a launch pad, payload integration facilities, and a mission control center built to Isar Aerospace’s specifications.