German rocket start-up inaugurates production site in Bavaria – The Star Online

BERLIN, Sept. 7 (Xinhua) -- The production site of the German rocket start-up Isar Aerospace near the city of Munich was inaugurated by Bavaria's minister president Markus Soeder on Monday.

"We believe that the next big technological revolutions will take place in space," the German start-up announced on Linkedin. "We are building the first German launch vehicle in Bavaria and feel proud to lead the way as local pioneering project."

The 27-meter-long launch vehicle, a rocket called Spectrum designed for satellite constellation deployment, is expected to reach earth orbit for the first time next year, Isar Aerospace co-founder and chief executive officer (CEO) Daniel Metzler confirmed to the German Press Agency (dpa).

Isar Aerospace which was founded in 2018 closed an investment round of 17 million U.S. dollars at the end of last year, said the company.

A total of around 100 million euros would be available by the end of the year through a second investment round. "We want to build a European SpaceX, a privately financed company for the construction of space rockets," Metzler told the German newspaper Handelsblatt on Monday.

To support German start-ups, the Federation of German Industries (BDI) called for a German launch platform for small carrier rocket. "A mobile launch platform in the North Sea is technically feasible and makes strategic and economic sense," said BDI Director General Joachim Lang on Monday.

The BDI presented a concept to the German government for the realization of a mobile launch platform in the North Sea which could be realized within two years as a private operator scheme with state support.

Germany's Federal Minister of Economic Affairs Peter Altmaier already expressed interest in the idea of a spaceport in Germany at the end of last year. "Space travel inspires many people and secures thousands of jobs in Germany. We are a leader in satellite technology," he noted.

Here is the original post:

German rocket start-up inaugurates production site in Bavaria - The Star Online

Related Posts

Comments are closed.