icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Will we soon see a Porsche 911 in low Earth orbit? RT’s Boom Bust looks into carmaker’s plan to join billionaires’ space race

Will we soon see a Porsche 911 in low Earth orbit? RT’s Boom Bust looks into carmaker’s plan to join billionaires’ space race
The Porsche dynasty appears to be joining the space race to compete with Blue Origin, SpaceX and Virgin Galactic, after the luxury car manufacturer acquired a stake in a German start-up Isar Aerospace.

The Ottobrunn-based rocket firm is focused on developing and managing launch vehicles to transfer satellites into orbit around Earth. Porsche has reportedly invested $75 million, which, the automaker said, represents a 'low single-digit percentage stake' in the German firm.

READ MORE: Jeff Bezos offers NASA $2 billion to get moon mission contract he lost to Elon Musk

RT’s Boom Bust talked with Aaron Pagel of DePaul University to find out how successful the car producer could be in the crowded market of small satellite launches.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts