Porsche SE, a German multinational corporation primarily known as a holding company of Volkswagen Group, has announced that has made an investment in Isar Aerospace Technologies GmbH (Isar Aerospace), a rocket technology start-up, adding it to its portfolio.
Isar Aerospace is a Munich-based company that develops and manufactures launch vehicles for the transport of satellites. Porsche SE acquired a low single-digit percentage stake in Isar Aerospace, amounting to USD 75 million, a new financing round for the company after it has raised more than 180 million US dollars from renowned investors such as HV Capital, Lakestar, Earlybird, and Airbus Ventures.
Isar Aerospace plans its initial launch next year and offers a more cost-efficient and flexible launch capacity for satellites with “Spectrum,” the first launch vehicle developed by the company. The company said that it can provide cost benefits compared to currently available launch vehicles through a high degree of automation in the rocket production process.
The company also sees the demand for the launch of small satellites is expected to grow significantly in the coming years and aims to satisfy this demand by providing more cost-effective and flexible launch capabilities.
“As an investor with a focus on mobility and industrial technology, we are convinced that cost-efficient and flexible access to space will be an enabler of innovation in many industry sectors. With Isar Aerospace, we are investing in a company that is well-positioned to establish itself as a leading European manufacturer of launch vehicles,” said Lutz Meschke member of the board of management responsible for investment management, Porsche SE. “The rapid development of the company is impressive,” he added.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
How to transfer, withdraw money from PayPal to GCash
Prices of Starlink satellite in the Philippines
Install Google GBox to Huawei smartphones
Pag-IBIG MP2 online application
How to check PhilHealth contributions online
How to find your SIM card serial number
Globe, PLDT, Converge, Sky: Unli fiber internet plans compared
10 biggest games in the Google Play Store
LTO periodic medical exam for 10-year licenses
Netflix codes to unlock hidden TV shows, movies
Apple, Asus, Cherry Mobile, Huawei, LG, Nokia, Oppo, Samsung, Sony, Vivo, Xiaomi, Lenovo, Infinix Mobile, Pocophone, Honor, iPhone, OnePlus, Tecno, Realme, HTC, Gionee, Kata, IQ00, Redmi, Razer, CloudFone, Motorola, Panasonic, TCL, Wiko
Best Android smartphones between PHP 20,000 - 25,000
Smartphones under PHP 10,000 in the Philippines
Smartphones under PHP 12K Philippines
Best smartphones for kids under PHP 7,000
Smartphones under PHP 15,000 in the Philippines
Best Android smartphones between PHP 15,000 - 20,000
Smartphones under PHP 20,000 in the Philippines
Most affordable 5G phones in the Philippines under PHP 20K
5G smartphones in the Philippines under PHP 16K
Smartphone pricelist Philippines 2024
Smartphone pricelist Philippines 2023
Smartphone pricelist Philippines 2022
Smartphone pricelist Philippines 2021
Smartphone pricelist Philippines 2020
