Rocket company Orbex (Orbital Express Launch) is going through a financial restructuring. Its Danish subsidiary is moving into bankruptcy. However, a potential buyer is looking at the company with a take-over of its assets. The Exploration Company (TEC) said last week that it was working with Orbex and the UK government to combine their businesses […]
Orbex’s Danish subsidiary, Orbital Express Launch ApS, is set to file for bankruptcy, with its facilities officially having closed on January 20th and some 90 employees losing their jobs. The UK parent is also financially stretched and has signed a ‘letter of Intent’ to sell its assets to space logistics business The Exploration Company. Orbex […]
Orbex Express Launch is a would-be rocket launcher which operates the SaxaVord Spaceport in Scotland. It is also developing a small rocket called Prime. The UK government has reversed a financial investment in Orbex, seemingly unhappy with further delays to its launch plans. The investment round is somewhat complicated. In January the UK government invested […]
Orbex has delayed its UK rocket launch to 2026 due to site and funding issues. SaxaVord, the launch site in Scotland, isn’t ready, and more financial support is said to be needed to lift off. Orbital Express Launch, or Orbex, is a UK-based aerospace company that is developing a small commercial orbital rocket called Prime.It […]
The UK government has invested £20 million (€23.8m) for an equity stake in Orbex Space, a start-up rocket launcher. This current round of fund-raising (the ‘D’ round) has also seen cash put up by Denmark’s EIFO fund, as well as Octopus Ventures and others. The UK cash comes from its Department for Science, Innovation & […]
UK-based orbital launch services company, Orbex, has announced the appointment of two tech and space sector stalwarts as its new CEO and Executive Chair. Scale-up expert Phillip Chambers joins as Orbex’s new Chief Executive Officer and Miguel Belló Mora leaves his post as Director General of the Spanish Space Agency to join as Executive Chair. […]
The UK Space Agency has announced funding of more than £6.7 million (€7.7m) to further Scotland’s spaceports ambitions. Scottish-based HyImpulse, a launch company working with SaxaVord Spaceport in Shetland, will receive £3.4 million. And Orbex, which is working with Sutherland Spaceport on the A’ Mhòine peninsula, will get more than £3.3 million. Both spaceports plan […]
Scotland-based rocket launch site Orbex has appointed John Bone as its new Chief Commercial Officer. This key appointment comes as Orbex advances its preparations for the launch of Orbex Prime, expected to be the UK mainland’s first vertical rocket launch. Bone has more than 20 years in the Space Industry, including 18 years in Director […]
UK-based rocket and spaceflight company, Orbex, has extended its footprint by over 30 per cent across its Scottish and Danish design and production facilities in preparation for the launch of its Prime rocket. The company is adding an extra 1,500 square metres of factory and office space to its existing 4,750 square meter estate in […]
Arianespace and UK-based launch company Orbex have signed a Memorandum of Understanding (MoU) to explore possible joint offerings for small satellite launch customers. In May 2023, Orbex began construction of Sutherland Spaceport (formerly Space Hub Sutherland) on the North coast of Scotland. It is the first vertical launch spaceport to be built on the UK […]