Skip to content
Sign In Subscribe
Financial Times — Companies — Rocket Start-Ups — European Companies — Space Industry — Aerospace & Defence

Isar defies space tech downturn to raise $165mn in countdown to launch

Munich-based Isar Aerospace raises $165mn from investors to ramp up its Spectrum rocket manufacturing and accelerate towards its planned launch this year, despite Virgin Orbit and other rocket companies struggling to find investors.

1 min read
  • Isar Aerospace raised $165mn from investors to ramp up manufacturing of its Spectrum rocket.
  • The funding puts Isar in a comfortable position to carry out several launches.
  • Isar has raised $330mn in total since its foundation in 2018.
  • Sir Richard Branson’s Virgin Orbit and other rocket companies are also seeking new investors.
  • Investors retreated from the space tech sector last year, but Isar's fundraising could signal a return of investor appetite.
Isar defies space tech downturn to raise $165mn in countdown to launch
Rival groups such as Sir Richard Branson’s Virgin Orbit have struggled to find investors
Financial TimesPeggy Hollinger

More in Companies

More from Financial Times

Latest