00:00German rocket maker Isar Aerospace has reached orbit for the first time, putting Europe's commercial space ambitions into a new
00:06phase and making it a competitor with Musk's SpaceX.
00:09Its Spectrum rocket successfully deployed payloads into low-Earth orbit on just its second test flight, marking a major milestone
00:17for the Munich-based company.
00:18Isar says it now plans to rapidly increase launch capacity, backed by a pipeline of more than $11 billion in
00:25potential business.
