To repaint a block in Space Engineers, select a block in your toolbar and press 'P'. This will open up a content window allowing you to select either a solid color, or a skin. Additional skins can be purchased from DLC packs.
Once a color and/or skin is selected, hold a block from your toolbar and target the block you want to recolor. Click the middle button on your mouse to recolour a block. To repaint several blocks, hold down the shift key whilst clicking to repaint a 4x4 section or hold 'Ctrl' and 'Shift' to repaint the entire ship.
The current skins in the game include: Rusty, Battered, Clean, Mossy and Wood.
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