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The 20-year lease for the Andøya launch pad enables Isar Aerospace to deploy payloads into sun-synchronous and polar orbits.
Isar Aerospace is developing the two-stage Spectrum rocket to deliver up to 700 kg of payload to sun-synchronous orbit.
Isar Aerospace announced its first launch contract on 2021-04-22 with Airbus Defence and Space to launch a future Earth observation satellite into sun-synchronous orbit.
The 20-year lease at Andøya Space Center will enable Isar Aerospace to deploy payloads into sun-synchronous and polar orbits.
Isar Aerospace was awarded €1.5 million as part of the European Space Agency’s Boost! initiative a month before its December Series B funding round.
Orbex and Skyrora join German launch startups HyImpulse Technologies, Rocket Factory Augsburg, and Isar Aerospace, each of which were awarded €1.5 million in Boost! funding in November 2020.
Isar Aerospace is a European small launch company that seeks large funding rounds to compete with American space companies.
Isar Aerospace raised $17,000,000 in a Series A round one year prior to its Series B.
Isar Aerospace is one of three German launch startups to receive a 500,000 EUR grant from the European Space Agency to support small launch vehicle development alongside HyImpulse and Rocket Factory Augsberg.
Isar Aerospace raised a 75,000,000 EUR Series B round on 2020-12-09 led by Lakestar with participation from Earlybird, Vsquared Ventures, and existing investors.
Isar Aerospace is developing a launch vehicle called Spectrum designed to place up to 1,000 kg into low Earth orbit.
Isar Aerospace will use its Boost! funding to further develop Spectrum’s system and expand the company’s launch vehicle manufacturing line in Ottobrunn, Germany.
Isar Aerospace plans the first flight of the Spectrum vehicle in 2021.
Isar Aerospace received a €500,000 ESA support contract under the Boost! program.
The European Space Agency awarded HyImpulse Technologies, Rocket Factory Augsburg, and Isar Aerospace a combined 1,500,000 EUR to support development of competing microlaunchers.
The ESA Boost! support contracts to HyImpulse, Rocket Factory Augsburg, and Isar Aerospace were announced on 2020-11-03.
Isar Aerospace will use Boost! funding to further develop Spectrum’s control system and expand its launch vehicle manufacturing line in Ottobrunn, Germany.
Isar Aerospace is developing the two-stage Spectrum vehicle designed to carry payloads of up to 1,000 kg to low Earth orbit.
Isar Aerospace was founded in 2018 and is independently developing the two-stage Isar Spectrum vehicle.
Each of HyImpulse, Isar Aerospace, and Rocket Factory Augsburg applied in the summer for 500,000 EUR in development assistance to mature their designs ahead of competing for follow-on Boost! awards worth 11,000,000 EUR.