The companies are dubbed Isar Aerospace, Rocket Factory, and HyImpulse..
Each is developing rockets capable of carrying between 500 and 1,500 kilos (3,300 pounds) into low Earth orbit. While that’s a fraction of the tens of thousands of kilos hauled by the Falcon 9, operated by Elon Musk’s Space Exploration Technologies Corp., it’s enough to transport the satellites now being deployed for everything from super-fast Internet to autonomous driving.
Isar plans its first launch in ’22, HyImpulse in ’23. The target date of Rocket Factory’s first launch was not revealed.
These European companies join dozens such new smallsat rocket companies that already exist. Which will survive the shake-out that always occurs in such new industries only time will tell.