German rocket startup Isar Aerospace secures $174 million in financing
The German rocket startup Isar Aerospace announced today that it has obtained $174 million in new financing from a Miami-based investment firm.
This news report adds these details:
On 25 July 2025, Isar Aerospace announced that it had signed a €150 million convertible-bond agreement with Eldridge Industries. The instrument provides the company with funding in the short term, and the debt can later be converted into equity in the form of shares, typically at a pre-agreed valuation during a future financing round or an IPO.
That Isar needed to go to an American investment firm suggests there was a lack of interest in Europe to invest in this European rocket startup. The nature of the deal also suggests the possibility that some ownership rights will shift to Eldridge over time.
In March Isar first launch attempt of its Spectrum rocket from Norway’s Andoya spaceport failed 30 seconds after lift-off. It is building two more rockets, and will use this new capital to expand its production and launch facilities.
The German rocket startup Isar Aerospace announced today that it has obtained $174 million in new financing from a Miami-based investment firm.
This news report adds these details:
On 25 July 2025, Isar Aerospace announced that it had signed a €150 million convertible-bond agreement with Eldridge Industries. The instrument provides the company with funding in the short term, and the debt can later be converted into equity in the form of shares, typically at a pre-agreed valuation during a future financing round or an IPO.
That Isar needed to go to an American investment firm suggests there was a lack of interest in Europe to invest in this European rocket startup. The nature of the deal also suggests the possibility that some ownership rights will shift to Eldridge over time.
In March Isar first launch attempt of its Spectrum rocket from Norway’s Andoya spaceport failed 30 seconds after lift-off. It is building two more rockets, and will use this new capital to expand its production and launch facilities.