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Isar Aerospace dreams of a future European SpaceX


DECRYPTION – The German start-up, which is preparing the maiden flight of its Spectrum rocket in 2023, has just raised 155 million.

Bruno Le Maire, the Minister of the Economy, in charge of space policy, dreams of it.

Isar Aerospace may realize it.

Give a European SpaceX to the Old Continent.

The German start-up indeed displays great ambitions, which could put it in competition with ArianeGroup, the manufacturer of the European Ariane rockets, and Avio, the designer of the small Italian launcher Vega.

Born in 2018 from the Technical University of Munich, the young shoot has just raised 155 million euros from a pool of international investors, mostly private.

This is the most important operation of this type of the year in the space field.

Isar Aerospace becomes the best-endowed start-up in New Space, with 330 million raised since its inception.

A panel of investors and venture capital funds are supporting it, from Airbus Venture to Earlybird, via Porsche SE, a holding company which holds stakes in automotive groups such as Porsche and Volkswagen.

Read alsoHuman spaceflight: Europe called to change everything

“This money will…

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Source: lefigaro

All business articles on 2023-03-28

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