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

The Next Web


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.…

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