An artistic rendering of Isar Aerospace's two-stage Spectrum launch vehicle. Credit: Isar Aerospace

WASHINGTON — Isar Aerospace won 10 million euros ($11.3 million) in a European Union prize competition, the latest sign of the E.U.’s growing role in supporting Europe’s launch industry.

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Jeff Foust writes about space policy, commercial space, and related topics for SpaceNews. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science...