Huge news that KKR has invested a minority stake into space engineering company OHB. One point that jumps out is that KKR paid a significant premium for OHB, in the same way that Advent paid a significant premium for Maxar. These are the leading brand name PE investors who are making a statement about their view on the outlook for the space domain over the next 5 years. 

Whilst they have endless choices to acquire and invest into cut priced businesses in other sectors they’re focused upon the long term growth features of the space domain. This reads across to the recent investment by Blackrock into Seraphim portfolio company Hawkeye 360. They led the round and paid the price to access the premier player in the RF sector. 

I believe this bodes well for the space domain and expect to see a growing stream of other PE firms making the same play.