Isar Aerospace, the innovative space start-up based in Munich, has officially achieved unicorn status, surpassing a one billion dollar valuation after successfully closing a €150 million funding round. This significant investment was spearheaded by prominent US investor Todd Boehly’s Eldridge Industries, underscoring strong international confidence in the company’s vision.
“We are addressing the increasing global demand for satellite launch services, offering global markets and governments independent and flexible access to space,” stated Daniel Metzler, CEO and co-founder of Isar Aerospace. “This investment signifies robust confidence from global markets in our endeavor to forge a new champion in the space sector.”
The newly acquired capital will be strategically deployed to expand Isar Aerospace’s launch capabilities and scale up its series production facilities. The company specializes in providing efficient and reliable transportation for small and medium-sized satellites into Earth orbit.
Founded in 2018, Isar Aerospace has rapidly grown to become a key player in the European New Space ecosystem. With a dedicated team of over 400 employees spread across five international locations, the company is poised to further solidify its position in the burgeoning global satellite launch market. This latest funding round not only validates Isar Aerospace’s technological advancements but also highlights the increasing investment appetite for promising ventures in the private space industry.
