Loading…
Loading…
Isar Aerospace SE (converted from Isar Aerospace Technologies GmbH, Amtsgericht München HRB 290907, ~December 2025 — a legal-form change often a prelude to an IPO) is a German New Space company (founded 2018, HQ Ottobrunn near Munich) developing Spectrum, a two-stage orbital launch vehicle for small and medium satellites (up to 1,000 kg to LEO / 700 kg to SSO).
Founder-led, VC/strategic syndicate; founders retain under 30% per aggregator estimates not independently confirmed to a primary-source cap table — treated as unconfirmed and not stated as a figure here. No single investor holds a majority; Porsche SE is the largest named strategic stake but no percentage is disclosed in primary sources found.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
ESA contract under the European Launcher Challenge, signed 27-Aug-2026, ~EUR 200 million in program commitments to accelerate next-generation launch-vehicle development and expand test/launch infrastructure. Value is a program-funding commitment, not a per-launch price or a share of Isar's revenue -- Isar is privately held and discloses no revenue figure, so no share_pct/share_of is stated.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.