German startups launch mini-rocket challenge to SpaceX and co.

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Car-manufacturing powerhouse Germany is rushing to join the private sector space race as it looks to ride a boom in mini-launchers for small ...

German company Rocket Factory Augsburg carried out a first successful test of its 'RFA One' rocket in July AFP/LENNART PREISSAUGSBURG, Germany: Car-manufacturing powerhouse Germany is rushing to join the private sector space race as it looks to ride a boom in mini-launchers for small satellites and compete with major US firms such as SpaceX.

Three projects are making Germany a serious player in the race to provide mini-launchers for the increasing number of small satellites orbiting Earth. AFP/LENNART PREISS Isar Aerospace, which is run from just outside Munich by three directors in their thirties, is yet to carry out its first engine test, but is the most well-financed of the three.

"A large rocket is like a long-distance bus which drops all its passengers at the same stop. A micro-launcher works like a taxi, placing the satellites exactly where the client wants them," explained Christian Schmierer of HyImpulse. Subcontractors in the automobile industry, many of whom are looking to diversify away from combustion engine vehicles, will provide engine parts for the rockets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank-backed Indian insurance startup Policybazaar files for US$810 million IPOBENGALURU -SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

TPG-backed Indian e-commerce beauty startup Nykaa files for IPOBENGALURU -Private equity firm TPG-backed Indian e-commerce beauty company Nykaa has filed for an initial public offering (IPO), becoming the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

Prosus invests US$194 million in Latin American tech holding MovileSAO PAULO: Latin American startup holding Movile has received an 1 billion real (US$194.2 million) investment from Prosus, a major shareholder ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »