Orbex Space is a UK-based, private launch services company focused on serving the small satellite industry. They are developing the Orbex Prime, a micro-launch vehicle designed for low-Earth orbit satellite deployment, utilizing innovative and sustainable bio-propane fuel. While initially planning to launch from Sutherland Spaceport, Orbex has shifted its launch operations to SaxaVord Spaceport. Orbex's key partners and customers include the UK Space Agency, the European Space Agency, and companies like Surrey Satellite Technology Ltd and Astrocast.
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Reaction Dynamics is attracting employees from Rocket Lab, ArianeGroup, Orbex, and Rocket Factory Augsburg.
Orbex fell into bankruptcy despite previous government investments.
John Bone previously held senior commercial leadership roles at Orbex, Rhea Group, Telespazio, and CGI.
Orbex entered administration in February after it was unable to raise funds.
Orbex closed its Danish subsidiary Orbital Express Launch ApS in December 2025, and the subsidiary later filed for bankruptcy.
Orbex filed for bankruptcy in February and affected 160 people at its Forres facility in Scotland.
The Exploration Company failed in January to acquire Orbex.
Orbex was one of the five finalists in the European Launcher Challenge in 2025.
Orbex had received 34.9 million euros in public funding, mainly from the United Kingdom and Denmark, with smaller contributions from Poland, Germany, and the Czech Republic.
Orbex's assets are awaiting a buyer, and Skyrora could be one possible purchaser.
Merger and acquisition talks for Orbex failed to produce a deal.
Orbex’s Prime microlauncher was on the verge of test flights later this year prior to the company entering administration proceedings.
Skyrora expressed interest in acquiring select Orbex assets, including the Sutherland Spaceport in northern Scotland.
Skyrora is prepared to invest up to ten million pounds subject to due diligence and negotiations with Orbex’s administrators.
Orbex is formally exploring the sale of all or part of its business.
Orbex filed a notice of intention to appoint administrators after its Series D fundraising round failed to secure funding.
Orbex brought hundreds of skilled jobs to Scotland.
Skyrora aims to keep UK technology under UK ownership and to protect national infrastructure related to Orbex assets.
Orbex appointed administrators after unsuccessful fundraising and merger and acquisition opportunities.
Orbex paused construction of the Sutherland spaceport in December 2024 and redirected funding to development of its Proxima rocket.