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The next two rockets are already under construction at Isar Aerospace.
Isar Aerospace conducted the first test flight of its launch vehicle Spectrum on March 31, 2025.
Isar Aerospace claims to be the first European commercial space company to launch an orbital rocket from Continental Europe.
Isar Aerospace aims to transport small and medium-sized satellites into orbit from Western Europe.
The additional 95,000,000 EUR for ESA’s Boost! program is intended to assist HyImpulse, Isar Aerospace, and Rocket Factory Augsburg as they prepare to compete in the European Launcher Challenge.
The German government allocated 95,000,000 EUR to ESA’s Boost! program on 2024-12-19 to support German launch companies HyImpulse, Isar Aerospace, and Rocket Factory Augsburg.
Isar Aerospace chief commercial officer Stella Guillen considers the additional Boost! funding only a first step and advocates that institutions and governments shift from funding development to becoming frequent customers.
Isar Aerospace received 15,000,000 EUR in additional Boost! funding.
ESA extended the Boost! contracts with HyImpulse, Isar Aerospace, Orbex and Rocket Factory Augsburg on 2024-11-19.
ESA is extending contracts with HyImpulse, Isar Aerospace, Orbex and Rocket Factory Augsburg worth a combined 44,220,000 EUR through its Boost! program to assist in integrated testing of their launch vehicles.
Isar Aerospace previously planned to conduct the first Spectrum launch before the end of the year but has not provided recent updates on launch preparations.
Isar Aerospace will use the 15,000,000 EUR in Boost! funding for testing for the first two flights of its Spectrum small launch vehicle.
Joram Voelklein has been investing in technology since 2015 and made an early angel investment in launch company Isar Aerospace together with Bulent Altan.
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 announced in May 2024 the establishment of a commercial launch vehicle production facility near Munich, Germany.
Isar Aerospace will collaborate with VGP Group to develop and build the Munich-area production facility.
The Munich-area production facility will enable Isar Aerospace to produce 40 Spectrum launch vehicles per year in the future.
Isar Aerospace developed proprietary know-how through full vertical integration and owns its design, production, and testing operations in-house.
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 has raised more than €400 million in total funding since its foundation in 2018.