Isar Aerospace is a German aerospace company based in Munich, Germany. They build short range surface to ship missiles. They tried for a low earth orbit test and it failed after 30 seconds. They went for an orientation change it failed.
The company is developing Spectrum, a two-stage, liquid-fueled rocket designed to launch 1,000 kilograms to low Earth orbit. This is over twice the launch capacity of the SpaceX Falcon 1 (450kg, 990 lbs)
Isar Aerospace intends to manufacture 80% of the rocket themselves, using primarily technology from the tech firms in the area surrounding Munich.
In 2018 Isar Aerospace received first angel investment from early SpaceX leader Bulent Altan and others.
In April 2020 Isar Aerospace closed US$17M in Series A funding led by Earlybird and Airbus Ventures to build its space platform.
In December 2020, the company got an additional €75 million ($91 million) in funding led by Lakestar and with participation of HV Capital and Ann-Kristin and Paul Achleitner as well as existing investors.
In July 2021, Porsche SE acquired a small stake in Isar Aerospace. They raised about $75 million. Porsche explained of its investment that Isar Aerospace had great potential to become a leading European manufacturer of launch vehicles.
In March 2023, the startup raised a $165 million Series C from 7-Industries Holding, Bayern Kapital, Lombard Odier and existing investors.
An additional $70 million was raised in 2024 from the NATO Innovation Fund and others as an extension of an earlier Series C round. The total funding is now greater than 400 million euros.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
