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<\/p>\n
It wasn\u2019t easy. Europe boasts a robust space sector with an impressive pedigree, but the industry is not known for its dynamism.<\/p>\n
\u201cEspecially early on, back in 2018, when, frankly, there was no \u2018New Space\u2019 industry, especially on this side of the Atlantic, people said\u00a0it will never work,\u201d Metzler told reporters in a press briefing Sunday. \u201cPeople will continue to always say this will not work, and that will not work, until we just prove them wrong. Giving up is not in our DNA.\u201d<\/p>\n
It took eight years for Isar to get to orbit, a timetable similar to other successful commercial rocket startups in the West. In that time, the company raised roughly $1 billion through several private financing rounds, and now has a workforce of nearly 500 employees. This makes Isar, by far, the most well-capitalized private launch company in Europe.<\/p>\n
\u201cGenerally, I think you very much overestimate what you can do in the short term, but I think you underestimate what you can do in the long term,\u201d Metzler said. \u201cDon\u2019t forget the human element behind all of this. There are\u00a0engineers, technicians, operators, a strong support team, who just dare to dream, and against all odds, that team delivered.\u201d<\/p>\n
The Spectrum rocket streaks into the sky over And\u00f8ya Spaceport, Norway, on Saturday evening.<\/p>\n
\n Credit:
\n Isar Aerospace\n <\/p>\n
\n The Spectrum rocket streaks into the sky over And\u00f8ya Spaceport, Norway, on Saturday evening.<\/p>\n
Isar Aerospace<\/p>\n <\/span>\n <\/p>\n Isar\u2019s success is welcome news for the European Space Agency and Europe\u2019s space industry as they seek lower-cost rockets to put their satellites into orbit. Europe\u2019s incumbent launch providers, Arianespace and Avio, have relied upon billions of euros in funding from European governments to get their rockets off the ground. Those companies currently operate the Ariane 6 and Vega-C rockets, which have proven reliable but are only marginally competitive, even with the assistance of government subsidies.<\/p>\n
\n Credit:<\/p>\nLaunch autonomy<\/h2>\n