Isar Aerospace wins European Commission’s EIC Horizon Prize “Low-Cost Space Launch” for its launch service solution for independent space access and receives 10 million euros
Isar Aerospace solidifies its position as Europe’s leading microlauncher company
The prize marks an important moment in Europe’s path to achieving sovereignty in space
Munich, Brussels, 25 January 2022 (Isar Aerospace PR) – Isar Aerospace, the leading European launch service provider focusing on small and medium satellite deployment, announced today that it has won the European Commission’s EIC Horizon Prize “Low-Cost Space Launch”, receiving 10 million euros in prize money. The European Commission’s award was given to Isar Aerospace for its launch service solution using ‘Spectrum’, a two-stage launch vehicle that offers flexible and cost-efficient access to space for small and medium-sized satellites and constellations and drives the quest for European sovereignty in space.
Payloads selected for Spectrum’s maiden flight scheduled for end of 2022
Five institutions from Germany, Norway and Slovenia with a total of seven small satellites to launch on the first test flight of Isar Aerospace’s launch vehicle “Spectrum”
For the first time in Europe, the German government entrusts a privately financed European space company with the launch of institutional payloads
MUNICH, 13 December 2021 (Isar Aerospace PR) – Isar Aerospace, the leading and most well-funded private European launch service provider focusing on small and medium satellites, and the German Space Agency at DLR have announced the selection of the institutional payloads for the maiden flight of the “Spectrum” rocket planned for the end of 2022 as part of the microlauncher competition. Among the winners of the Announcement of Opportunity are five institutions from Germany, Norway, and Slovenia with a total of seven small satellites that will be used to demonstrate various technologies in space such as communication or weather data measurement.
PARIS (ESA PR) — Small and medium satellites can expect new launch opportunities on the Spectrum launch vehicle thanks to an ESA Boost! co-funding contract worth €11 million [US $12.39 million] with Isar Aerospace Technologies in Germany.
The flight demonstrations of Spectrum will pave the way for an extended availability of European launch service solutions for small satellites, delivering dedicated launch opportunities.
New financing led by HV Capital, Porsche SE, and Lombard Odier, with substantial participation from existing investors Earlybird, Lakestar, Vsquared Ventures, and Apeiron
With a total financing volume of more than USD 180m (EUR 150m), Isar Aerospace is the most well-funded space start-up in the European Union
First launch service provider based in Europe able to meet the rising global demand for flexible and cost-efficient launch services necessary for many breakthrough technologies
MUNICH, 28 July 2021 (UVC PR) – Isar Aerospace solidifies its position as the leading and most well-funded private European launch service provider focusing on small and medium satellites by extending its Series B to over USD 165m. The extension round of USD 75m is led by HV Capital, holding company Porsche Automobil Holding SE and banking group Lombard Odier. Existing investors Earlybird Venture Capital, Lakestar, Vsquared Ventures, Apeiron Investment Group, and UVC Partners also participated in the round, of which Earlybird Venture Capital subscribed the largest part. This new funding – increasing the total financing volume of Isar Aerospace to more than USD 180 million – turns Isar Aerospace into the space start-up with the strongest funding and the fastest growing private launch service company out of the European Union offering global customers flexible space access and meeting the rising global demand. The funding will allow Isar Aerospace to further invest in its launch, testing, and manufacturing infrastructure for its largely automated rocket production and commercial operations, as the company eyes its first test flight in 2022.
ANDENES, Norway (Andøya Space PR) — The first fully privately-financed European launch vehicle bringing satellites into low Earth orbit, Isar Aerospace’s Spectrum rocket, will launch from Norway: Isar Aerospace has signed an agreement with Norwegian Andøya Space to secure exclusive access for a period of up to twenty years to one of its launch pads on the island Andøya.