# Isar Aerospace

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.

## Key facts

- Country: Germany
- Segment: Launch vehicles
- Headquarters: Ottobrunn, Germany
- Founded: 2018
- Employees: 400+
- Products: Spectrum
- Website: https://www.isaraerospace.com
- Status: Private
- Total raised: €800+m

## Funding & contracts

| Date | Type | Counterparty | Amount | Source |
|---|---|---|---|---|
| 2026-08-27 | Contract | ESA — European Launcher Challenge | €197.8m |  |
| 2026-06-01 | Equity | Series D (Porsche SE, NATO Innovation Fund and others) | €270m |  |
| 2025-06-01 | Equity | Eldridge Industries — convertible loan | €150m |  |

## Upcoming launches

- 26 Nov 2026 · 20:00 UTC — Spectrum · AT-Astra and Others (Spectrum Flight 3) (Andøya Spaceport, Norway) — https://www.spacecapex.com/en/launches/spectrum-at-astra-and-others-spectrum-flight-3
- Q4 2026 · date TBC — Spectrum · 1 x Pelican satellite (Andøya Spaceport, Norway) — https://www.spacecapex.com/en/launches/spectrum-1-x-pelican-satellite
- Q4 2026 · date TBC — Spectrum · ΣYNDEO-3 (Andøya Spaceport, Norway) — https://www.spacecapex.com/en/launches/spectrum-yndeo-3
- 2026 · date TBC — Spectrum · Cassini (Andøya Spaceport, Norway) — https://www.spacecapex.com/en/launches/spectrum-cassini

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Source: SpaceCAPEX — https://www.spacecapex.com/en/companies/isar-aerospace