Published by Global Banking & Finance Review®
Posted on June 25, 2025
1 min readLast updated: January 23, 2026
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Isar Aerospace secures €150M from Eldridge Industries to enhance satellite launch services, aiming to strengthen Europe's aerospace sector.
(Reuters) -German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday.
The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said.
The investment will be used to expand its launch service offerings, it added.
"We are catering to the rising global demand for satellite launch services and provide global markets and governments with independent and flexible access to space," Daniel Metzler, CEO of the company, said in a statement.
Isar Aerospace's first test launch in March failed after its Spectrum rocket crashed shortly after takeoff, but was still celebrated as a success by the industry and authorities.
The company is pushing forward efforts to strengthen Europe's position in the aerospace sector, competing with firms such as Elon Musk's SpaceX.
($1 = 0.8625 euros)
(Reporting by Isabel Demetz; editing by Matthias Williams)
Isar Aerospace obtained 150 million euros ($173 million) in funding.
The funding was provided by Eldridge Industries, an American investment company.
The investment will be used to expand Isar Aerospace's launch service offerings.
Isar Aerospace's first test launch in March failed, as its Spectrum rocket crashed shortly after takeoff, but it was still celebrated as a success by the industry.
Isar Aerospace aims to strengthen Europe's position in the aerospace sector and compete with firms like SpaceX.
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