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| 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 |
| (about 2 months later) | |
| 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 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. | 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 | 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. | 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 | For more stories on economy & finance visit RT's business section |