Isar Gets Extra Financing As Orbital Launch Effort Marches On

isar spectrum rocket liftoff before explosion

During its first flight, Isar's Spectrum rocket cleared the launch tower but failed shortly thereafter.

Credit: Isar Aerospace
German launch services startup Isar Aerospace says it has secured €150 million ($174 million) in financing from investment firm Eldridge Industries to expand its operations. Isar Aerospace is raising the money by issuing a convertible bond and said on June 25 it had secured required regulatory...
Robert Wall

Robert Wall is Executive Editor for Defense and Space. Based in London, he directs a team of military and space journalists across the U.S., Europe and Asia-Pacific.

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