Overview
Isar Aerospace is a privately held space company (launch vehicles) headquartered in Ottobrunn, Germany, founded in 2018. It is not listed on a stock exchange; total disclosed funding is €800+m.
Munich-based builder of the Spectrum small launcher (up to 1 t to low Earth orbit), flying from Andøya, Norway. After a failed first flight in March 2025, the second — "Onward and Upward" on 5 September 2026 — reached orbit: the first successful orbital launch from Northern Europe. The company has raised over €800m and holds an ESA European Launcher Challenge contract.
Funding history
SpaceCAPEX coverage
5 articles
European satellites: the capacity is there, demand and launch are not
Europe builds satellites for whole constellations, yet Starlink has seven times more in orbit than the entire continent. In 2025 Europe launched 7 rockets; the US launched 193.
Who pays Isar Aerospace: contracts and deals
| Date | Type | Counterparty | Value | Source |
|---|---|---|---|---|
| Aug 2026 | Contract | ESA — European Launcher Challenge | €197.8m | |
| Jun 2026 | Equity | Series D (Porsche SE, NATO Innovation Fund and others) | €270m | |
| Jun 2025 | Equity | Eldridge Industries — convertible loan | €150m |
Is Isar Aerospace publicly traded?
No. Isar Aerospace is a private company and its shares are not traded on a stock exchange.
Where is Isar Aerospace based?
Isar Aerospace is headquartered in Ottobrunn, Germany. The company was founded in 2018.
How much funding has Isar Aerospace raised?
Isar Aerospace has disclosed €800+m in total funding across 2 rounds. The most recent is Series D (Porsche SE, NATO Innovation Fund and others) (Jun 2026, €270m).