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.
Mynaric-co-led UN:IO, a consortium of companies, to outline within the next six months a detailed technical concept for its proposed constellation architecture
MUNICH, 13 December 2021 (Mynaric PR) — The Mynaric-co-led consortium UN:IO has been selected by the European Commission for initial work on an independent European satellite network. The European Commission selected UN:IO and one other consortium to outline within the next six months a detailed technical concept for their respective proposed constellation architecture to establish Europe’s future sovereign communications infrastructure in space. The selection for the study follows a competitive tender that engaged around a dozen contesters bidding to lay out Europe’s path towards a secure, very fast and, above all, sovereign communications network.
VILNIUS, Lithuania, 10 December 2021 (NanoAvionics PR) – Smallsat mission integrator NanoAvionics, together with other UN:IO consortium members, will start working on a feasibility study, which has been granted 1.4 million EUR (1.6 million USD) by the European Commission, to create a sovereign communications network for Europe by 2025. The consortium comprises 14 companies led by satellite manufacturer Reflex Aerospace, launch provider Isar Aerospace and laser specialist Mynaric. According to the Lithuanian mission integrator the concept will “include breakthrough technologies for small satellites”.
It’s not the first time for NanoAvionics to be involved in such R&D projects. Last year, the company was awarded a 1 million euros grant by ESA (the European Space Agency) to develop new technologies for small satellite propulsion systems, and participated in two additional ESA funded satellite technology R&D projects. And in 2019, NanoAvionics received a €10 million grant by the EU’S Horizon 2020 and ESA to develop and launch the initial stage of a Global Internet of Things (GIoT) nanosatellite constellation. It has also built satellites for several space missions that included cutting edge technology such as NASA’s Advanced Composite Solar Sail System (ACS3) and Los Alamos National Laboratory’s first astrophysics payload in 20 years.
OSLO, Norway (Norwegian Space Agency PR) — Andoya Space is to receive 365.6 million Norwegian kroner [US $43.4 million] from the Norwegian government to establish a launch base for small satellites at Andoya in Northern Norway.
In April this year, we won the national micro launcher competition #Boost! With a funding of 11M€ for the first two flights of its Spectrum [rocket] by Bundesministerium für Wirtschaft und Energie and Deutsches Zentrum für Luft-und Raumfahrt e.V., Isar Aerospace will offer launch opportunities for institutional payloads of up to 150 kg total mass each flight.
Today, Deutsches Zentrum für Luft-und Raumfahrt e.V., European Space Agency – ESA and Isar Aerospace published the Announcement of Opportunity, which is to pre-select the payloads for our first test flight and to identify candidate spacecraft for the second flight of the Spectrum launch vehicle. It is open to any European institutional satellite customer of launch services. Application closes on Oct. 31, 2021.
Link to the full document with all details in English and German:
STUTTGART, 28 July 2021 (Porsche PR) — Porsche Automobil Holding SE (“Porsche SE”), Stuttgart, acquires a low single-digit percentage stake in Isar Aerospace Technologies GmbH (“Isar Aerospace”), Ottobrunn, Munich. The company develops and manufactures launch vehicles for the transport of satellites. The investment was part of a new financing round of Isar Aerospace.
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.
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.
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.