ESA Boost! Contract Signed for Flight Demonstration of Spectrum Launch Vehicle

Spectrum rocket (Credit Isar Aerospace)

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.

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Isar Aerospace Opens Payloads Slots for First Two Spectrum Rocket Launches

Spectrum rocket

Isar Aerospace Announcement

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:

English — https://lnkd.in/dihvuaJW
German — https://lnkd.in/dswZy4Cv

Porsche SE Invests in Rocket Technology Start-up Isar Aerospace

Spectrum rocket (Credit Isar Aerospace)

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.

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Isar Aerospace Extends Series B Funding Round to Over $165 Million Led by HV Capital, Porsche SE, and Lombard Odier

Spectrum rocket (Credit 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. 

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Isar Aerospace Signs Exclusive Launch Pad in Norway for Up to 20 Years

Isar Aerospace’s Spectrum rocket. (Credit: Andoya_Space)

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.

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Germany’s Isar Aerospace Wins 11 Million Euros in Microsat Launcher Competition

Spectrum rocket (Credit Isar Aerospace)
  • On April 30, 2021, the Federal Minister for Economic Affairs and Energy, Peter Altmaier, selected the winner in the “microlauncher competition” of the German Space Agency at the German Aerospace Center (DLR).
  • Isar Aerospace Technologies GmbH receives eleven million euros from the “BOOST!” Initiative in the “Commercial Space Transportation Services and Support” (C-STS) program of the European Space Agency ESA for the qualification and two demonstration flights of its carrier Spectrum.
  • The first flight is to take place between 2022 and 2023 and transport small institutional payloads weighing up to 150 kilograms free of charge onto their orbits.

COLOGNE, Germany (DLR PR) — Many satellites are getting smaller and lighter. As a rule, they are launched as “hand luggage” together with other, larger satellites whose operators define the framework conditions. In order to bring small satellites into orbit as the main payload, a separate class of rockets has now been established – the so-called micro launcher. This small carrier market is booming in the USA and China.

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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.

ESA Signs First Boost! Commercial Space Transportation Contracts

RFA One launcher in flight (Credit: Rocket Factory)

PARIS (ESA PR) — ESA has signed the first three contracts with European economic operators arising from its permanently open call for proposals for commercial space transportation services.

Boost! – ESA’s Commercial Space Transportation Services and support to Member States programme was adopted at Space19+ and an Open call for proposals  under its Element 1 was launched in April this year. Through this programme, ESA aims to stimulate and support competitiveness and new commercial European space transportation services.

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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.

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