• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 17, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Outer Space is the new entrepreneurial ground: Airbus Ventures invests in a New Space Start-up

by Chhavideep Singh
November 2, 2020 - Updated On November 3, 2020
in Business
Reading Time: 2 mins read
0
Outer Space is the new entrepreneurial ground: Airbus Ventures invests in a New Space Start-up
TwitterWhatsappLinkedin

It genuinely seems like outer space and extra-terrestrial land is the new entrepreneurial ground with new companies lining up to launch rockets into space and throw a bone to already existing dominant companies like SpaceX, United Launch Alliance and Arianespace.

You might also like

Zuckerberg Says Autonomy and Compute Power, Not Pay, Attracts Top AI Talent to Meta

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

iPhone 17 Air May Feature Titanium Frame, Unlike the iPhone 17 Pro

A new start-up that goes by the name Isar Aerospace is into developing small rockets. It is a German company that has just begun production of its latest rocket called “Spectrum”.

Credits: https://rb.gy/tx4tn7

Spectrum will be the first private German rocket to be built and also a promising contender that let’s Germany enter the commercial space race with other countries of the world and their respective space organisations. USA has NASA and India has ISRO, similarly, Germany wants to enter the race and spin out of the orbit.

Isar Aerospace has designed Spectrum to be just 500kg or even smaller to launch smaller rockets into space. However, Spectrum gives a phenomenal payload to lift off up to 1000kg and is designed as a two-stage rocket.

The first stage of Spectrum is powered by powerful Aquila engines that are fuelled using liquid Oxygen and light Hydrocarbons. The first stage spectrum is equipped with nine of such engines.

The second stage of Spectrum also uses a Aquila engine but this one being precisely optimised for efficient performance in a vacuum and with smart technology that enables it to turn off and on multiple times as set. This is done to place the rocket’s payload in different orbits as the customer requires for the mission.

Well, finances are of key significance in such projects and funding is definitely required, this is where financial bankers like Airbus Ventures are involved. The German company has multiple financial bankers backing its projects. The first one being the European Space Agency or the ESA as they call it and the second one being Airbus Ventures. According to recent reports, it is confirmed that Venture Capital wing of Airbus Ventures privately funded Isar in December’s funding round and was also a participant in Airbus Ventures’ Series A funding round which in totality generated USD 17-18 million for Isar Aerospace to continue their project- “Spectrum”.

Credits: https://rb.gy/0w89ky

Airbus Ventures has played a very significant role as far as project “Spectrum” is concerned. Reports suggest that Airbus Ventures has also signed a MOU (Memorandum of Understanding) with Isar Aerospace in December 2019 and also promised to add the rocket launcher company a global portfolio of innovative launch systems.

Isar Aerospace plans to test “Spectrum” in 2021 which is a phenomenal step considering that the company is just two years old (founded in 2018), going from theory to execution in just a small span of time with rocket launching is absolutely a great deal.

According to analysts, Isar Aerospace has a lot of ground to cover before creating their own niche in the rocket production business and competing with superpowers and industry leading companies like Elon Musks’ SpaceX.

Tags: Airbus VenturesIsar aerospace
Tweet54SendShare15
Previous Post

Nestle’ buys out Freshly- the healthy meal start-up for $1.5 billion

Next Post

What to Keep In Mind When Hiring a Mineral Management Company

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Zuckerberg Says Autonomy and Compute Power, Not Pay, Attracts Top AI Talent to Meta

by Anochie Esther
July 17, 2025
0
Zuckerberg

Meta CEO Mark Zuckerberg has pushed back against swirling reports of extravagant compensation packages being the primary reason for top AI researchers joining the tech giant. In an...

Read more

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

by Anochie Esther
July 17, 2025
0
Foldable iPhone

In a bold but calculated move, Apple is turning to Samsung Display Co. (SDC) the world’s leader in flexible screen technology to supply crease-free foldable displays for its...

Read more

iPhone 17 Air May Feature Titanium Frame, Unlike the iPhone 17 Pro

by Anochie Esther
July 17, 2025
0
iPhone 17 Air

Apple is once again poised to shake up the materials used in its flagship devices, with new reports suggesting that the upcoming iPhone 17 Air will sport a...

Read more
Next Post
Mineral mining

What to Keep In Mind When Hiring a Mineral Management Company

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?