What Happened
German Startup Achieves Historic Milestone In European Space Industry
Isar Aerospace, a German startup, has successfully launched Europe’s first fully commercial orbital rocket, the Spectrum, from a Norwegian spaceport. The company, founded in 2018, achieved this milestone after raising $1 billion in private financing and developing the rocket without significant government funding. Isar’s success is seen as a major breakthrough for Europe’s space industry, which has been dominated by government-funded programs. The launch was reported by Ars Technica.