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Trois lycées à remettre au propre
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German startups launch mini-rocket challenge to SpaceX
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Studie vorgestellt: Deutsche Firmen drängen ins Weltall
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German Microlauncher start-up Rocket Factory announces unrivalled low price of EUR 3 million per rocket launch Serial production enables cost leadership / Financing round to raise EUR 25 million
February 12, 2021 14:35 ET | Source: Rocket Factory Augsburg AG Rocket Factory Augsburg AG Augsburg, GERMANY
BREMEN, Germany and AUGSBURG, Germany, Feb. 12, 2021 (GLOBE NEWSWIRE) At the Capital Market Day of space technology group OHB SE (Prime Standard, ISIN DE0005936124), Augsburg-based start-up Rocket Factory announced that it will boost the growth of the microlauncher company with a financing round. The current shareholders of Rocket Factory are OHB SE, Apollo Capital Partners, other founders as well as the company s management, the employees and private investors. The aim of the financing round is to raise EUR 25 million in fresh capital.
Blue Origin is testing the engine in preparation for its use in the company’s New Glenn rocket as well as United Launch Alliance’s semi-reusable Vulcan rocket. Both launch vehicles are currently due to make their debut late this year.
The BE-4, which uses liquefied natural gas for fuel, was developed at Blue Origin’s headquarters in Kent, Wash., with tests conducted at Bezos’ West Texas ranch (which is one of his pandemic hangouts).
Last year, Blue Origin opened up a factory in Alabama to turn out rocket engines on a production basis. Each BE-4 is designed to blast out up to 550,000 pounds of thrust or about 10% more thrust than SpaceX’s methane-fueled Raptor engine.