Owners
Founded in 2018 on the basis of Munich Technical University startup Isar Aerospace Technologies, it is engaged in the development and production of launch vehicles for transporting satellites. The founders of the startup are engineers Daniel Metzler, Joseph Fleischmann and Marcus Brandl. Isar Aerospace Technologies received its first investment of $15 million in 2019. At the end of 2020, the startup attracted another $91 million in investments.
History
2021: Porsche buys stake in Isar Aerospace Technologies
At the end of July 2021, Porsche bought a stake in the developer and manufacturer of launch vehicles for transporting satellites Isar Aerospace Technologies. The financial terms of the transaction are not disclosed, but it is known that as part of the new round of financing, the startup raised about $75 million. In general, the startup raised more than $180 million from investors such as HV Capital, Lakestar, Earlybird and Airbus Ventures.
Lutz Meshke, board member responsible for investment management at Porsche:
 | As an investor specializing in mobility and industrial technology, I am convinced that cost-effective and flexible access to space technologies will contribute to innovation in many industries. We invest in a company that has a good opportunity to establish itself as the leading European manufacturer of launch vehicles. |  |
The main product of Isar Aerospace Technologies is the Spectrum launch vehicle, the first flight of which is scheduled for 2022. It is expected that in the coming years the demand for the launch of small satellites will increase significantly. Because existing launch capacities are insufficient, they are too expensive or inflexible, private companies such as Isar Aerospace Technologies seek to meet this demand in a more cost-effective and flexible way than already existing space companies. The economic benefit compared to the launch vehicles available by the end of July 2021 will mainly be achieved by the company due to the high degree of automation of the missile production process.[1]
Notes
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