Rocket Factory Augsburg raises $33 million in private investment capital
The German startup Rocket Factory Augsburg revealed today that it has raised $32.9 million in private investment capital at the same time it has shifted the launch date for the first rocket launch of its RFA-1 rocket from this year into next.
That launch was scheduled to occur at the Shetland spaceport, Saxavord, and as recently as April 2023 officials there were saying that this launch would occur this year. In June however Rocket Factory signed a deal with France’s space agency to use its long abandoned launchpad in French Guiana. That same month I predicted the launch at Saxavord would not happen this year, possibly because of regulatory hurdles in the United Kingdom.
It appears those hurdles might have been part of the reason for Rocket Factory’s deal with France. It needs a place to launch, and it appears the UK’s government is not presently conducive to allowing such things to happen easily.
The German startup Rocket Factory Augsburg revealed today that it has raised $32.9 million in private investment capital at the same time it has shifted the launch date for the first rocket launch of its RFA-1 rocket from this year into next.
That launch was scheduled to occur at the Shetland spaceport, Saxavord, and as recently as April 2023 officials there were saying that this launch would occur this year. In June however Rocket Factory signed a deal with France’s space agency to use its long abandoned launchpad in French Guiana. That same month I predicted the launch at Saxavord would not happen this year, possibly because of regulatory hurdles in the United Kingdom.
It appears those hurdles might have been part of the reason for Rocket Factory’s deal with France. It needs a place to launch, and it appears the UK’s government is not presently conducive to allowing such things to happen easily.