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Isar Aerospace and Rocket Factory Augsburg are developing small launch vehicles with first flights that could take place before the end of the year.
Isar Aerospace raised $165,000,000 in a Series C round backed by several European investors on 2023-03-28.
The Aquila engine that powers Spectrum completed 124 hot-fire tests at Isar Aerospace’s test site in Esrange, Sweden, including 11 hot-fire tests in one day.
Isar Aerospace has raised more than $330,000,000 in total funding to date.
Isar Aerospace’s Series C round increased the company’s valuation compared to its Series B round in July 2021.
Isar Aerospace plans a second factory that would ultimately be able to produce up to one Spectrum rocket per week.
Isar Aerospace has raised a total financing amount of more than $330,000,000 (310,000,000 EUR).
Isar Aerospace raised $165,000,000 in a Series C funding round announced 2023-03-28 to scale up production of its Spectrum rocket.
Isar Aerospace closed a $165,000,000 (155,000,000 EUR) Series C funding round.
The Series C funding will allow Isar Aerospace to continue investing in developments for new initiatives and products and to further build its vertical integration and automated production capabilities that lower rocket manufacturing costs.
Isar Aerospace is manufacturing flight hardware and completing work on launch site infrastructure for Spectrum.
Isar Aerospace planned up to four Spectrum launches in 2024.
Isar Aerospace has a 2023-01-25 agreement with Spaceflight Inc. for one dedicated Spectrum launch and an option for a second launch.
At the Satellite 2023 conference, Isar Aerospace executives reported that the company had funding sufficient to get beyond the first launch with margin in the event of a launch failure.
Isar Aerospace added $75,000,000 to its Series B round in July 2021.
Isar Aerospace is the most capitalized independent New Space company in the European Union based on its total financing of more than $330,000,000 (310,000,000 EUR).
Exotrail signed a contract in November with Isar Aerospace for multiple launches of an orbital transfer vehicle called spacevan that is part of the spacedrop service.
The spacevan vehicle will use Exotrail’s electric thrusters to transport payloads to their designed orbits after launch on Isar Aerospace’s Spectrum rocket.
Since its founding in 2018, Isar Aerospace has raised more than $180,000,000 in private funding and attracted international commercial and institutional customers.
Isar Aerospace is working towards the first test flight of Spectrum, which is planned for 2023.