German space startup Isar Aerospace secures 150 million euro fund
(Reuters) -German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday.
The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said.
The investment will be used to expand its launch service offerings, it added.
"We are catering to the rising global demand for satellite launch services and provide global markets and governments with independent and flexible access to space," Daniel Metzler, CEO of the company, said in a statement.
Isar Aerospace's first test launch in March failed after its Spectrum rocket crashed shortly after takeoff, but was still celebrated as a success by the industry and authorities.
The company is pushing forward efforts to strengthen Europe's position in the aerospace sector, competing with firms such as Elon Musk's SpaceX.
($1 = 0.8625 euros)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
31 minutes ago
- Bloomberg
Klarna Founder's VC Firm Pledges €300 Million Investment in AI
Swedish impact investor Norrsken VC has pledged to invest €300 million ($348 million) in artificial intelligence startups that aim to help solve some of the climate's most pressing needs. The venture capital firm, founded by Klarna co-founder Niklas Adalberth, plans to invest in AI companies alongside its early-stage funds Norrsken Accelerator and Norrsken Launcher, according to a statement on Wednesday.
Yahoo
36 minutes ago
- Yahoo
Every AST SpaceMobile Investor Should Keep an Eye on This Number
AST SpaceMobile plans on building a space-based broadband cellular network. Investors should monitor the company's progress toward deploying satellites. Investing in AST involves notable risks since it's not generating substantial revenue. 10 stocks we like better than AST SpaceMobile › There's no doubt that investors often flock to the numbers at the top and the bottom of income statements when investigating companies. But it's often critical for investors to monitor other figures as well in order to gain insight. Take, for example, AST SpaceMobile (NASDAQ: ASTS), which is working to build a space-based broadband cellular network. In fact, investors would be well advised to pay close attention to a number not even found in the company's financial statements. Striving to provide global customers with unique broadband service, AST SpaceMobile is developing what it calls the "first and only space-based cellular broadband network." In order to develop this network, management projects it will deploy more than 60 satellites in 2025 and 2026 -- a feat that will provide continuous coverage to the company's key markets: the United States, Europe, and Japan, to name a few. Since AST SpaceMobile's success depends on developing this constellation of satellites, investors should be acutely focused on commentary from the company confirming that it's on pace to achieve this deployment. Another figure that investors can gauge for insight to the company's progress is the rate at which it's manufacturing satellites. Management forecasts achieving a production rate of six satellites monthly in the fourth quarter of 2025. Should the company fail to achieve this cadence, it may portend a failure to achieve the target of deploying 60 satellites by the end of 2026. Because it's still the early innings for AST SpaceMobile's development, investors won't gain as much insight into the company's operations combing through the income statement in the way they would for a more well-established company. Therefore, space investors will want to consult other metrics such as the number of satellites deployed and the rate at which satellites are manufactured. As a young company that's not generating substantial and consistent revenue, AST SpaceMobile should only attract investors who aren't risk averse. For those comfortable with the risks, though, AST SpaceMobile is certainly worth watching closely. Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Every AST SpaceMobile Investor Should Keep an Eye on This Number was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
40 minutes ago
- Forbes
NATO Allies Agree To Raise Defence Spending To 5% Of GDP
NATO member nations voted to increase defense spending to 5% of their annual GDP by 2035, following long-term pressure from President Donald Trump, as the alliance reaffirmed its defensive agreement. NATO members agreed to boost their defense spending to 5% of their annual GDP. Getty Images Naming Russia a''long-term threat' to Europe, NATO made the commitment to boost defense spending during a summit in The Netherlands Wednesday. The wording of Wednesday's declaration implies not all NATO members agreed to the 5% spending increase, with Spain immediately putting out a statement indicating that 'not all allies' were bound to the target, the New York Times reported. 'We're with them all the way,' U.S. President Donald Trump told reporters at the summit, shortly before a scheduled press conference. 'I've been asking them to go up to 5% for a number of years, and they're going up to 5%,' Trump told reporters. 'From 2%, and a lot of people didn't even pay the 2%. So I think that's going to be very big news.' This is a developing story and will be updated.
