Augsburg, Germany – August 7th 2023. Launch service provider Rocket Factory Augsburg AG (RFA) today announced that it has raised a €30 million investment from KKR, a leading global investment firm. The fresh funding is a vote of confidence for RFA as global demand for access to space continues to grow. The investment will facilitate RFA’s upcoming integrated first stage test and complete the company’s launch pad at SaxaVord Spaceport in Scotland, to eventually bring the RFA ONE microlauncher to the launchpad. The first flight is scheduled for Q2 2024. With its €30 million convertible bond investment, KKR will become a leading investor in RFA alongside the existing strategic investor OHB.
Stefan Tweraser, CEO at RFA: “We aim to provide cost-effective access to space and data-generating business models in space for monitoring, connecting, and protecting our planet. This new financing reflects confidence in RFA and validates our cost-efficient approach and technical achievements. Partnering with KKR as a long-term investor makes us proud – their financial resources, global network and industrial expertise will accelerate our mission, and support RFA towards our first launch next year and beyond.”
As global demand for cost-effective and flexible launch services to access space rises, RFA’s launch service offering is ideally positioned to benefit from this market opportunity. KKR’s investment follows the company’s successful completion of its upper stage hot fire test in May 2023, the first of its kind in Europe. This underlines investors’ trust in the business model of RFA, which prioritizes speedy and sustainable growth and maintains strong investment value for existing and new investors, and extends RFA’s technology and cost leadership.
Christian Ollig, Partner and Head of the DACH region at KKR: “KKR is excited to support RFA in its efforts to revolutionize access to space, which is crucial for emerging technologies that will shape our future. The team’s exceptional track record of achieving technical milestones and their unwavering focus on cost leadership are precisely the right strategy for future success in the global marketplace. We look forward to supporting RFA on its growth path.”
KKR’s investment comes from a holding company owned by its newest European private equity fund, KKR European Fund VI.
— ENDS —
About Rocket Factory
Rocket Factory Augsburg was founded in 2018 with the vision to enable data generating business models in space to better monitor, protect and connect our planet Earth. Against this background, the company’s goal is to offer launch services of up to 1.300kg into low Earth orbits and beyond on a weekly basis at highly competitive prices. With this, RFA wants to democratize access to space and reduce the launch costs in the space industry. The RFA ONE launch service combines three key competitive advantages: A customer focused service with precise in-orbit delivery and a high degree of mission flexibility through its Redshift OTV; at a highly competitive price; made possible by superior staged combustion technology, low-cost stainless-steel structures and usage of industrial components. In June 2023, RFA became the first company in Europe to hot fire a complete staged combustion engine upper stage over its entire flight duration. Including this milestone, RFA has invested a total of less than €50m.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
Media Contact RFA:
Mr. Jonas Kellner
Telefon +49 821 999576-21
Rocket Factory Augsburg AG
Berliner Allee 65
Chairman of the Supervisory Board: Jean-Jacques Dordain
Board of Directors: Stefan Tweraser, Stefan Brieschenk, Jörn Spurmann
Seat of the company: Augsburg
Registry Court: AG Augsburg, HRB 34251
Interested in featuring us?
If you’re interested in receiving our press kit, please enter your details below. We’ll review your request and get back to you ASAP.
If you’re interested in receiving access to our Payload Users Guide for our Redshift OTV, please enter your details below.
If you’re interested in receiving access to our Payload Users Guide for our RFA ONE, please enter your details below.
We will get back to you soon.