Overview

• The funding comes as a convertible bond from U.S. investor Eldridge Industries, offering the option to convert debt into equity as Isar scales up.
• It will finance new series-production lines for Spectrum rocket stages and upgrades to quality-control systems at its Munich manufacturing plant.
• Spectrum’s maiden flight in March lost attitude control seconds after liftoff at Andøya Spaceport but returned vital telemetry that guided design refinements.
• Isar reports its order book is sold out through 2026 and is actively marketing launch slots from 2027 to 2031 amid strong satellite demand.
• The company is expected to be a leading contender in ESA’s European Launcher Challenge, which could award up to €169 million per winner for institutional payload missions.