The space company Isar Aerospace, based in Ottobrunn near Munich, has closed a €150 million financing round. The investment comes from the US investment company Eldridge Industries. Behind the investment is investor Todd Boehly, known as a co-owner of numerous sports clubs, including Chelsea Football Club. The funds will be transferred to the company via a convertible bond. Startup flow.
With the new financing round, Isar Aerospace has reached a company valuation of over one billion euros, making it one of the Munich-based startups to achieve unicorn status. CEO and co-founder Daniel Metzler sees the investment as a clear confirmation of the company’s global market opportunities:
"We are serving the growing global demand for satellite launches and providing markets and governments with independent and flexible access to space. This investment confirms the strong confidence of global markets in our efforts to build a new leader in the space sector."
The capital will be used to expand launch capacities and the serial production of launch vehicles near Munich. The goal is to make Europe's access to space technologically independent and cost-effective.
Isar Aerospace was founded in 2018 by Daniel Metzler, Josef Fleischmann and Markus Brandl. The startup develops and builds launch vehicles for small and medium-sized satellites and satellite constellations. The company now employs more than 400 people from over 50 nations at five international locations.
The financing round is also strategically significant: Until now, Isar Aerospace had primarily relied on European investors. The entry of Eldridge Industries marks a turning point in the financing strategy and strengthens the company's international focus.
