Three months ago, Isar Aerospace launched its first rocket. It failed.
Now? The same startup just raised €150 million to keep building.
That funding came from Eldridge Industries through a convertible bond, and it’s going straight into rocket development and production in Munich.
For a company that just experienced a public setback, this raise sends a clear signal: serious investors still believe in bold ideas and especially when the team stays transparent and focused.
Instead of hiding the failure, Isar shared what went wrong, showed what they learned, and kept building. That honesty probably helped more than a perfect launch would have.
The best part? They didn’t even have to give up equity. The bond structure gives them cash now without the dilution that usually comes with a round this size.
For founders, here’s what you can learn:
- Failure didn’t kill them, silence might have.
- They framed a flop as momentum, not disaster.
- They used the moment to build trust, not panic.
This is more than a space story. It’s a playbook for high-risk founders, especially in deep tech or hardware.
You don’t need to be perfect. You just need to be clear, real, and relentless.
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