The Porsche dynasty appears to be joining the space race to compete with Blue Origin, SpaceX and Virgin Galactic, after the luxury car manufacturer acquired a stake in a German start-up Isar Aerospace.
The Ottobrunn-based rocket firm is focused on developing and managing launch vehicles to transfer satellites into orbit around Earth. Porsche has reportedly invested $75 million, which, the automaker said, represents a 'low single-digit percentage stake' in the German firm.
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RT’s Boom Bust talked with Aaron Pagel of DePaul University to find out how successful the car producer could be in the crowded market of small satellite launches.
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