Carmaker Porsche SE, the German multinational corporation which includes Volkswagen has now jumped into the Space Race. It is the latest mega investor to see the urgency in the development of future space technologie The company, controlled by the closely related Porsche and Piëch families, is responsible for turning Volkswagen, Audi, and Porsche into global brands. The Porsche SE website described the Investment portfolio expansion into Isar. The investment is targeting the marketplace where Elon Musk’s company SpaceX leads the world in rocket production and satellite launch services. Earlier this year, Germany’s space agency awarded Isar Aerospace a contract to launch two German government satellites into orbit. Space has become a growing marketplace. And Isar Aerospace believes it can compete. Their business plan calls for a test flight next year. And then a launch of small satellites into Earth’s orbit. The last few months have been historic in the so-called Space Race. Billionaires in Space Race
