The inaugural launch of Isar Aerospace's Spectrum rocket ended in failure when the vehicle lost control and exploded during liftoff at Andøya Spaceport in Norway.
Isar Aerospace stated that despite the unsuccessful launch, it had achieved its goals by gathering flight data and experience to apply on future missions.
The Germany-based company designed and manufactured the rocket in-house, with plans to serve customers globally and address Europe's security architecture needs.
The Spectrum rocket is intended for small-to-medium payload launches, potentially becoming a competitor to Rocket Lab in the small-satellite launch sector.