KKR backs Rocket Factory Augsburg for Scottish Spaceport launches

The first flight for the RFA ONE rocket is scheduled for 2024 Q2. Having successfully completed its upper stage hot fire test in June, the KKR capital will bring the RFA ONE micro launcher to the launchpad at SaxaVord Spaceport on the Shetland Islands.

“This new financing reflects confidence in RFA and validates our cost-efficient approach and technical achievements,” said Stefan Tweraser, CEO at RFA. “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.”

KKR (Kohlberg Kravis Roberts) – the erstwhile owners of NXP – highlighted RFA’s technical track record to date:

“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,” said Christian Ollig, Partner and Head of the DACH region at KKR. “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.”

SaxaVord

It was in January of this year that RFA selected SaxaVord Spaceport to be the location for its first launch. The two organisations have announced a multi-year launch operations partnership.

Under the terms of the deal, RFA will have exclusive access to Launch Pad Fredo for orbital launches. It also included “investments in the double-digit million pound range”, said the parties.

See also: SaxaVord progresses to vertical launches with satellite payload processing facility