Isar Aerospace Raises $91 Million

Spectrum rocket (Credit Isar Aerospace)

Munich-based Isar Aerospace has raised 75 million euros ($91 million) from investors to further development of its Spectrum small-satellite launch vehicle.

Swiss venture fund Lakestar led the Series B round with the participation of existing backers Airbus Ventures, Earlybird, Vsquared Ventures and former SpaceX executive Bulent Altan.

Spectrum is a two-stage vehicle designed to lift up to 1,000 kg (2,204 lb) into low Earth orbit. It will be equipped with a multi-ignition second stage engine that will provide flexibility in delivering payloads to precise orbits. Isar is designing the vehicle with satellite constellations in mind.

German Government Considering Sea-based Launch Platform

Spectrum rocket (Credit Isar Aerospace)

BBC News reports the German government is considering whether to develop a sea-based launch platform that would allow the launch of small satellites from the North Sea.

The Federation of German Industries (BDI) is lobbying for the project, German media report. It would be a public-private partnership.

German media quote the BDI proposal as saying “a German launchpad is technically feasible and makes strategic and economic sense”….

The German proposal involves three German start-ups, including Isar Aerospace in Ottobrunn, near Munich, which is developing two-stage 27m (89ft) rockets. It plans to start launching them next year.

One of the company’s advisers is Bulent Altan, a former vice president at SpaceX, the space services firm led by US tech billionaire Elon Musk.

Isar Aerospace is developing the Spectrum booster, which will be capable of launching payloads weighing 1,000 kg to low Earth orbit and 700 kg to sun synchronous orbit.

Isar Aerospace Closes $17 Million Series A for New Launch Vehicle

Spectrum rocket (Credit Isar Aerospace)

MENLO PARK, Calif. (Airbus Ventures PR) — European space company Isar Aerospace has closed a 17-million-dollar Series A investment round led by Earlybird and Airbus Ventures to develop low-cost launch vehicles dedicated to deploying and resupplying satellite constellations.

Existing investors Vito Ventures and UVC Partners participated in the round alongside Bulent Altan who served 12 years at SpaceX including Vice President positions as well as Christian Angermayer’s Apeiron Investment Group.