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Isar Aerospace Secures €150 Million to Boost Munich Launch Operations

The funding from Eldridge Industries will finance a move to a larger Parsdorf site to scale up launch services and rocket production

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Das Münchener Raumfahrt-Startup Isar Aerospace erhält eine Finanzspritze in Höhe von 150 Millionen Euro aus den USA. Der US-Fonds Eldridge Industries investiere diese Somme in Form einer Wandelanleihe, erklärte das Startup am Mittwoch.

Overview

  • Isar Aerospace raised €150 million through convertible bonds in a round led by U.S. investor Eldridge Industries.
  • Proceeds will underwrite expanded launch and series production capacities near Munich.
  • Manager Magazin reports the new financing has elevated the company to unicorn status, making it Europe’s best-funded private space venture.
  • In late March, the company completed a 30-second test flight of its Spectrum rocket, marking Europe’s first commercial orbital launch from continental soil.
  • Backed by investors including the NATO Innovation Fund, Isar Aerospace aims to secure independent, cost-efficient satellite access to space.