Beware, Musk and Bezos — Porsche is joining the space race

Celebrity scumbags billionaires like Musk, Bezos, and Branson may feel they own space, but they have an unexpected rival: Porsche.

Yep, the car maker is investing in German rocket start-up Isar Aerospace in an attempt to ensure access to new space-based technologies, the Financial Times reports. 

The company is joining a group of new investors, HV Capital and Lombard Odier, by putting down $75 million, which brings the total Series B funding round to $165 million.

Isar’s vision

Despite its low profile, Isar aims to compete with Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin by offering (relatively) inexpensive low-earth orbit satellite launch services.

This year, the company began manufacturing its Spectrum rocket, which relies heavily on automation and 3D printing to reduce production costs.

Spectrum is a two-stage launch vehicle, specifically designed for satellite constellation deployment.

Its payload capability can reach up to 1,000kg, and its multi-ignition second-stage engine can inject payloads directly into orbit. 

Credit: Isar Aerospace