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launchseismicupdated 7 Sep2026-09-05

Isar Aerospace reaches orbit with Spectrum on second flight

Isar Aerospace's Spectrum rocket reached orbit from Norway, the first orbital-class launch from Western Europe.

Isar Aerospace's Spectrum rocket lifted off from Andoya Spaceport in Norway on its second flight, carrying five cubesats and one ESA-sponsored experiment, and reached orbit roughly seven minutes after liftoff, per NRK and Aftenposten. The rocket's March 2025 debut failed 30 seconds after launch, and five subsequent launch attempts this year were scrubbed for technical and weather reasons before Saturday's flight. Isar Aerospace itself reported the second stage achieved a preliminary 180 x 500 km orbit, per SpaceNews reporter Jeff Foust. Isar's chief commercial officer Stella Guillen told CNBC on September 7 that the company's order pipeline is now worth more than 10 billion euros, though the company has not said how much of that is signed.

financialseismic2026-02-11

Orbex enters UK administration after acquisition and funding talks collapse

Orbex filed for UK administration in February after Series D funding talks and an acquisition by The Exploration Company both fell through.

Orbex, developer of the UK's Prime small launch vehicle, filed a notice of intention to appoint administrators on February 11, 2026, after failing to close a Series D funding round or complete a previously announced acquisition by French company The Exploration Company, per SpaceNews, Via Satellite, and European Spaceflight. Orbex, a winner of ESA's European Launcher Challenge that had received EUR34.9 million ($41.5 million) from the program, had already shut down its Danish rocket-engine subsidiary and laid off about 90 employees in January; administration puts roughly 150 further UK jobs at risk. CEO Phil Chambers said: "Disappointing doesn't come close to describing how we feel about this moment."

financialseismic2025-10-23

Airbus, Leonardo and Thales agree to merge space units into single venture

Airbus, Leonardo and Thales signed an MOU to combine space units into one company with 25,000 staff and EUR 6.5bn revenue.

Airbus, Leonardo and Thales signed a memorandum of understanding on October 23, 2025 to combine their space businesses into a new, jointly controlled company, per Via Satellite. Airbus will hold 35% of the new venture and Leonardo and Thales 32.5% each; the combination pools Airbus's Space Systems and Space Digital units, Leonardo's Space Division including its stakes in Telespazio and Thales Alenia Space, and Thales's own shares in Thales Alenia Space, Telespazio and Thales SESO (launchers are excluded). The companies project the venture will have about 25,000 employees across Europe, roughly EUR 6.5 billion in pro-forma 2024 revenue, and a backlog covering more than three years of sales, with operations expected to start in 2027 subject to regulatory approvals.

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