[4][5] Rocket Factory Augsburg was founded as a spin-off of OHB SE in 2018 by Jörn Spurmann (CCO of RFA), Stefan Brieschenk (COO of RFA), Hans Steiniger (CEO of MT Aerospace) and Marco Fuchs (CEO of OHB SE).

[citation needed] In April 2022 RFA won the second round of the "DLR microlauncher competition".

An anomaly occurred that resulted in a fire, subsequent explosion, loss of the stage, and significant damage to the launch mount.

[9][18] The company has a team based at the rocket engine development and test site Esrange in Kiruna, Sweden.

[21][22] In January 2023, RFA announced that it had secured exclusive access to Launch Pad Fredo at the SaxaVord Spaceport in Scotland.

The company said that the multi-year partnership included a "double-digit million pound investment" in SaxaVord by RFA.

[9] Some components used in early engine versions, such as the turbopump, were bought from the Ukrainian company Pivdenmash to shorten development time.

Since its Fenix engine can be fired multiple times, it is able to reach different orbits within a single flight and complete different missions for different customers.