Isar Aerospace, a Bavarian satellite launch service provider, has signed a €150M convertible bond agreement with Eldridge Industries. This funding will be utilized to expand their cost-efficient launch services and strengthen European access to space. CEO Daniel Metzler highlights the growing demand for satellite launches and the confidence investors have in their vision to create a leading 'space champion.' Founded in 2018, Isar specializes in developing launch vehicles for small to medium satellites, aiming to leverage industrial production methods to lower the cost of space access.
This investment demonstrates strong confidence from global markets in our efforts to build a new space champion.
Isar Aerospace aims to lower the entry barriers to space, specializing in launch vehicles for small and medium-sized satellites.
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