Porsche SE only anticipates receiving “a low single-digit percentage stake,” in Isar.
But Isar said on Wednesday that “The funding will allow Isar Aerospace to further invest in its launch, testing, and manufacturing infrastructure for its largely automated rocket production and commercial operations.”
There is no doubt that the global economy is now technology-driven. And commercial demand for small satellites is growing. Companies of all types will more heavily rely on satellite technology to run their computer systems and all the software APIs that are quickly emerging.
“Space will become a key technological platform for many industries worldwide — from the automotive to the telecoms sector — bringing advances and new capabilities of [Internet of Things], data encryption and storage, as well as smart farming applications and surveillance for tackling climate change,” Isar Aerospace said.
“We are convinced that cost-efficient and flexible access to space will be an enabler of innovation in many industry sectors,” Lutz Meschke, the Porsche SE director of investment management, said.
