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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As of 2021-08-31, the German space agency DLR began accepting applications for institutional payloads to fly aboard a pair of Isar Aerospace Spectrum launches free of charge.
All standard launch services supplied by Isar Aerospace will be free of charge for the selected payloads.
Isar Aerospace received an 11-million-euro prize that requires the company to launch institutional payloads aboard two Spectrum demonstration missions slated for 2022 and 2023.
Isar Aerospace develops and manufactures launch vehicles for the transport of satellites.
Isar Aerospace has raised more than 180 million US dollars overall from investors including HV Capital, Lakestar, Earlybird, and Airbus Ventures.
Isar Aerospace raised an additional $75,000,000 to expand its manufacturing and launch capabilities.
Isar Aerospace added $75,000,000 to a Series B round it originally raised in December 2020.
Isar Aerospace has raised more than $180,000,000 in total to date.
Spectrum is powered by Aquila engines that Isar Aerospace is developing and building.
The additional Series B funding will allow Isar Aerospace to build out manufacturing and launch infrastructure for later growth and to work on reusability.
Spectrum is a two-stage launch vehicle designed by Isar Aerospace to place up to 1,000 kg into low Earth orbit.
Isar Aerospace has won launch contracts from Airbus Defence and Space and from the German Aerospace Center (DLR).
Isar Aerospace signed an agreement in April with Andøya Space for exclusive use of a pad at a new launch site under development by Andøya Space.
Isar Aerospace will use the 11,000,000 EUR funding to further develop its first Spectrum launch vehicle.
The German Government obtains a payload of up to 150 kg on two Spectrum flights into Earth orbit as part of the agreement with Isar Aerospace.
The German Government and the German Aerospace Center (DLR) awarded Isar Aerospace an 11,000,000 EUR contract through the C-STS program managed by the European Space Agency (ESA).
Isar Aerospace received a DLR endorsement that clears the way for it to secure 11,000,000 EUR from the European Space Agency’s Boost! program.
Isar Aerospace will carry the institutional payloads to orbit aboard Spectrum rockets, a two-stage rocket designed to deliver up to 700 kg of payload to sun-synchronous orbit.
ESA will review Isar Aerospace’s formal service proposal and enter into negotiations before signing a launch contract and awarding 11,000,000 EUR in development funding.
DLR selected Isar Aerospace on 2021-04-30 to receive a DLR letter of support required to submit a formal service proposal to ESA for the first 11 million-euro award.