What Happened
New Competitor Emerges in European Space Industry
Isar Aerospace, a private company based in Germany, has successfully launched its Spectrum rocket from Norway, marking a new entrant in the space launch market. The Spectrum rocket has a 1-ton payload to low earth orbit, three times that of Rocket Lab’s Electron rocket. This development may pose a bigger threat to Rocket Lab than to SpaceX, as Isar Aerospace could compete for small-satellite launch contracts in the European market. The company’s entry into the market was reported by The Motley Fool.