Largest corporate investor in rocket startup Rocket Factory Augsburg finalized deal to go privateThe German company OHB, the largest corporate investor in the German rocket startup Rocket Factory Augsburg, has finalized its deal with the investment company KKR to go private and delist OHB from the German stock market.
OHB announced in August 2024 the deal where KKR would buy shares not owned by the Fuchs family for 44 euros ($48.70) per share. Under the deal, the Fuchs family will maintain its controlling 65.4% ownership of OHB while KKR owns 28.6%. That combined 94% ownership will allow OHB to delist from the exchange, effectively taking the company private.
It appears that both companies are committed to OHB’s investment in Rocket Factory, and by getting OHB delisted it gives them greater flexibility in doing so. It also appears that Marco Fuchs, the CEO of OHB, had decided in the last few years that for rocket startups being a public company was counter-productive in many ways.
“We saw all these SPACs fail. We see very different valuations out there. So, it’s not a good place to be, in the public market, especially in the core business model of doing space projects,” he said at the Space Tech Expo Europe conference. “It’s not exactly what capital markets appreciate.”
In a sense, this deal appears to be a show of support for Rocket Factory, even though its first launch is seriously delayed due to a recent failed static fire test of its first stage that destroyed the stage.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The German company OHB, the largest corporate investor in the German rocket startup Rocket Factory Augsburg, has finalized its deal with the investment company KKR to go private and delist OHB from the German stock market.
OHB announced in August 2024 the deal where KKR would buy shares not owned by the Fuchs family for 44 euros ($48.70) per share. Under the deal, the Fuchs family will maintain its controlling 65.4% ownership of OHB while KKR owns 28.6%. That combined 94% ownership will allow OHB to delist from the exchange, effectively taking the company private.
It appears that both companies are committed to OHB’s investment in Rocket Factory, and by getting OHB delisted it gives them greater flexibility in doing so. It also appears that Marco Fuchs, the CEO of OHB, had decided in the last few years that for rocket startups being a public company was counter-productive in many ways.
“We saw all these SPACs fail. We see very different valuations out there. So, it’s not a good place to be, in the public market, especially in the core business model of doing space projects,” he said at the Space Tech Expo Europe conference. “It’s not exactly what capital markets appreciate.”
In a sense, this deal appears to be a show of support for Rocket Factory, even though its first launch is seriously delayed due to a recent failed static fire test of its first stage that destroyed the stage.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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