Isar Aerospace
Leading European small/medium launch startup. Spectrum (methane) maiden flight March 30, 2025 (flight terminated ~30 seconds after liftoff; not successful). 20 EUMETSAT satellite contracts.
FINANCIAL HEALTH
SCHEDULE CREDIBILITY
How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.
| Source | Events | Late (share) | Median slip | Median slip, late only | Sub-score | On-time allowance |
|---|---|---|---|---|---|---|
| Launch NETs | 1 | 1 (100%) | 37 d | 37 d | 44.8 | 1 d |
| Roadmap milestones | 1 | 0 (0%) | 0 d | — | 100.0 | 30 d |
WORST SLIPS (RECEIPTS)
| Commitment | Source | Announced | Outcome | Slip |
|---|---|---|---|---|
| Onward and Upward not yet flown; NET changed 8x | Launch NETs | 2026-06-30 | now NET 2026-08-06 | 37 d and counting |
SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.
Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17
FLEET COMPOSITION
Every vehicle this operator has flown. Linked profiles carry the full reliability + reuse + subsystem record.
| Vehicle | Class | Launches | Success rate | Reuse | |
|---|---|---|---|---|---|
| Spectrum | Small | 2 | 0.0% | Expendable | Profile → |
RECENT LAUNCHES
| Date | Mission | Vehicle | Orbit | Outcome | |
|---|---|---|---|---|---|
| Aug 06, 2026 | Onward and Upward | Spectrum | SSO | Delayed | Webcast ↗ |
| Mar 30, 2025 | Instrumentation | Spectrum | — | Failure | Source ↗ · Briefing → |
RECENT DEALS & CONTRACTS
| Date | Type | Amount | Counterparty | Significance |
|---|---|---|---|---|
| Jul 10, 2026 | Contract Award | $150.0M | Isar Aerospace, Canadian pad operator | High |
| Jul 07, 2026 | Contract Award | — | Isar Aerospace, Canadian government/military | Medium |
| Jul 02, 2026 | Contract Award | — | Planet’s German subsidiary, Isar Aerospace | Medium |
| Jun 22, 2026 | Vc Series B | $40.0M | SPARX Asset Management, Beyond Next Ventures, Toyoda Gosei | High |
| Jun 12, 2026 | Vc Series C | $270.0M | — | High |
SECTOR POSITION
RECENT COVERAGE
| Date | Source | Headline |
|---|---|---|
| Jul 10, 2026 | Space.com | Launching from 2 continents: Germany's Isar Aerospace leases Canadian pad for $150 million |
| Jul 10, 2026 | Ars Technica — Space | Rocket Report: "Panic" over Transporter availability; Isar to launch from Canada |
| Jul 07, 2026 | SpaceNews | Isar Aerospace signs agreement for Canadian launch site |
| Jul 02, 2026 | Via Satellite | Isar Aerospace Lands Big Win With Planet Launch Contract |
| Jul 02, 2026 | SpaceNews | Isar Aerospace to launch German-built Planet imaging satellite |
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Isar Aerospace corporate homepage — confirms Spectrum launch vehicle and Munich HQ; €500M+ private capital disclosed on site.
METHODOLOGY
Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.
Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.