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Munich (dpa) - The rocket manufacturer Isar Aerospace has collected another 75 million euros from investors and sees "the first launch of a German launch vehicle" secured.
The company announced on Wednesday in Munich that there were already customer inquiries worth half a billion US dollars.
With the new capital, “we are financed through to the first flight of our launcher and can now concentrate fully on the final development steps and the upcoming tests,” said company boss Daniel Metzler: “The first successful launch of a German launcher into earth orbit is nothing more in the way. "
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Isar Aerospace wants to bring satellites into orbit at internationally competitive prices.
His Spectrum rocket is scheduled to launch for the first time in French Guiana next year.
"We're becoming a scheduled airline," said Metzler.
The demand for satellites for high-speed internet, autonomous driving, industrial connectivity, data encryption and storage is growing.
"The bottleneck is the carrier capacities, which are often too expensive and inflexible."
The venture capital companies Lakestar, Earlybird and Vsquared Ventures, Airbus Ventures, UVC and, for the first time, investors HV Capital and Deutsche Bank supervisory board chairman Paul Achleitner and his wife, economics professor Ann-Kristin Achleitner, have invested.
© dpa-infocom, dpa: 201209-99-622727 / 2
Isar Aerospace