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.
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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