Compare Companies
| Field | 🇩🇪 Exolaunch | 🇩🇪 Isar Aerospace |
|---|---|---|
| Type | private | private |
| Country | 🇩🇪 Germany | 🇩🇪 Germany |
| Founded | 2013 | 2018 |
| CEO | Dr. Robert Sproles | Daniel Metzler |
| Mkt Cap / Valuation | — | ~€2B post-money (Series D, June 2026 — €270M round) |
| Employees | — | ~430 (Ottobrunn HQ, plus Andøya launch operations) |
| Sector | Launch Services | European Small-Satellite Launch |
| Last raise / Last filing | — | €270M (~$312M) (2026-06-09) |
| Top risks | Structural dependence on SpaceX rideshare — SpaceX could disintermediate the broker layer at will.; Private-equity ownership integration and leverage risk following the EQT transaction. | Flight 2 outcome is the dominant risk — the first Spectrum flight on 30 March 2025 was terminated by the Flight Termination System ~30 seconds after liftoff due to a vent-valve opening and roll-control loss; a second consecutive failure would be near-existential; Production ramp from one rocket per year (R&D cadence) to 6–10 per year (commercial cadence) is unproven and capital-intensive; the €150M Eldridge convertible buys runway but a Series D is required |
| Next catalyst | EQT acquisition close (2026-Q4) | Second Spectrum flight 'Onward and Upward' — qualifying mission with first paying customer payloads (5 cubesats + 1 experiment) (Next window NET 15 June 2026 (after January, March and April 2026 scrubs)) |
Maximum 4 companies. Pass slugs in the ids query parameter, comma-separated. Try SpaceX vs Blue Origin vs Rocket Lab vs Firefly.