German Space Startup Secures New Funding

Isar Aerospace raises €150mn to strengthen Europe’s launch capabilities

Europe's best-funded space tech firm plans to expand its launch service after raising €150mn in funding.

German space startup secures new funding

German space startup Isar Aerospace said Wednesday it had secured 150 million euros ($174 million) in funding from a US investment firm, several months after its first test flight of an orbital rocket.

Isar Aerospace Secures Major Funding for Satellite Launch Expansion

German startup Isar Aerospace secured €150 million from U.S. firm Eldridge Industries for expanded satellite launch services. Despite a failed test launch, the company aims to enhance Europe's aerospace presence, rivaling SpaceX and meeting global satellite service demand.

GomSpace signs a 19.5 million euros contract with a European based company – SatNews

GomSpace has signed a 19.5 million euros contract with a European-based, privately held, venture-funded technology company focused on deploying a next-generation satellite network.  The customer—positioned as a disruptor in space-based communications—is backed by long-term capital and early commercial interest. GomSpace has been selected to deliver 18 satellites within a 12-month timeframe as part of a proof-of-concept and early service verifica…