One of Germany’s promising young “new space” companies, Isar Aerospace, entered a new stage on April 13, 2021 when it completed its first entirely in-house-produced rocket engine. And as if that weren’t enough, the firm has also announced an exclusive partnership with Norwegian rocket launch pad Andøya Space.
“For us, it’s super important to have a launch pad in mainland Europe which is closer to our production site,” Isar Aerospace CEO Daniel Metzler told online business magazine Sifted. “The exclusivity provides us and our clients with maximum flexibility and planning security to bring satellites into Earth’s orbit at any time. It enables us to provide long-term turnkey launch solutions from European soil.”
The German government and industry association have called for Europe to become more independently able to blast satellites into orbit and are currently studying the feasibility of constructing a launch pad in the North Sea .
Founded in 2018, Isar Aerospace is aiming to grab a piece of a small rocket launcher market Fortune Business Insights predicts will be worth USD 26 billion by 2027.
“As the space industry moves from larger, single satellites to constellations of smaller satellites, the market for small rocket launches is forecasted to grow,” Paul Klemm from the Berlin venture capital firm Easybird told Sifted. “This is due to numerous applications for small- and medium-sized satellites and satellite constellations — from businesses in industries from transportation and logistics to mobility.”