What Happened
Private Equity Enters Space With Billion Dollar Deal
EQT has agreed to buy Berlin-based satellite deployment company Exolaunch, marking its first foray into a sector previously dominated by VC capital. The deal is part of a larger trend of private equity investment in the aerospace and defense sector, with around $14.7 billion in PE transacted globally this year. Exolaunch has deployed over 790 satellites across 47 missions for commercial and government customers, and has participated in every SpaceX Falcon 9 Transporter and Bandwagon rideshare mission since 2020. The acquisition was reported by PitchBook.