Space will become a key technological platform for many industries worldwide — from the automotive to the telecoms sector — bringing advances and new capabilities of [ Internet of Things ], data encryption and storage, as well as smart farming applications and surveillance for tackling climate change.

Isar Aerospace

Isar Aerospace is a German Aerospace company based in Munich and founded in 2018.The company is named after the river that flows in Munich.Isar Aerospace intends to manufacture 80% of the rocket themselves using almost only technology from the area surrounding Munich.The company is developing Spectrum, a two-stage, liquid-fueled rocket designed to launch 1,000 kilograms to low Earth orbit.In April 2020 Isar Aerospace closed US$17M in Series A funding to build its space platform.In December 2020, the company got an additional €75 million ($91 million) in funding. The first launch of the rocket is planned for 2022.

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