Europe’s best-funded rocket startup just raised €270M, and now Isar Aerospace has to actually reach orbit

https://media.thenextweb.com/2023/11/Norway-spaceport-isar-aerospace.avif

Europe has the ambition to reach space on its own. What it lacks is rockets that work. Isar Aerospace has just raised €270mn to fix the first problem, and in less than a week it gets another chance to fix the second.

The Munich startup, one of Europe’s best-funded space companies, closed a €270mn Series D with new investors Island Green Capital and Molten Ventures joining existing backers including HV Capital, Lakestar, UVC Partners, and KfW Capital.

The round takes Isar’s total funding to roughly €870mn, a sign of how much investor money is flowing into space. The cash will scale production of its Spectrum rocket and expand its launch operations abroad.

The timing reflects a continent in a hurry. Europe carried out fewer than 10 orbital launches in 2025, against more than 190 in the US, and has leaned heavily on foreign providers, chiefly Elon Musk’s SpaceX,...

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