That's just investor money. I'm not sure if it includes the support by ESA and DLR they have gotten so far.
Also they apparently already have their first few flights fully booked and more customers interested.
We shouldn't compare this to those companies a few years ago riding the SPAC hype and raising 800mil Dollar with a cool PowerPoint presentation and no hardware and now threatened to be delisted.
Raising 155mil Euro in the current economy actually isn't too bad.
I'm more worried about their future business model. Launch alone doesn't make you much money. And especially for small launch there aren't that many launches to go around as people hoped and claimed a few years ago. Nobody is going to buy 30 small launches for their constellation when 1-2 big ones do the same.
Even Rocketlab makes most of their money in producing satellite components. Launch is just an option you can book in that package. SpaceX has Starlink which will probably soon dwarf their revenue from launch and they also try selling their Starlink satellite bus and ion thrusters.
I think one of them will do fine, but i doubt we will have Orbex, Isar and RFA plus a few others i probably forgot around in 10 years time.
_Warsheep_ t1_je4h09j wrote
Reply to comment by lessthanabelian in German launch startup Isar secures €155M in Series C funding. The company has now raised more than €300M by AndrewParsonson
That's just investor money. I'm not sure if it includes the support by ESA and DLR they have gotten so far. Also they apparently already have their first few flights fully booked and more customers interested.
We shouldn't compare this to those companies a few years ago riding the SPAC hype and raising 800mil Dollar with a cool PowerPoint presentation and no hardware and now threatened to be delisted.
Raising 155mil Euro in the current economy actually isn't too bad.
I'm more worried about their future business model. Launch alone doesn't make you much money. And especially for small launch there aren't that many launches to go around as people hoped and claimed a few years ago. Nobody is going to buy 30 small launches for their constellation when 1-2 big ones do the same. Even Rocketlab makes most of their money in producing satellite components. Launch is just an option you can book in that package. SpaceX has Starlink which will probably soon dwarf their revenue from launch and they also try selling their Starlink satellite bus and ion thrusters.
I think one of them will do fine, but i doubt we will have Orbex, Isar and RFA plus a few others i probably forgot around in 10 years time.