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Orbex secured £40.4 million in its Series C venture capital round in 2022-10-01 from existing and new investors.
Orbex is adding an extra 1,500 square meters of factory and office space to its existing 4,750 square-meter estate in Forres, Scotland and Copenhagen, Denmark.
Arianespace signed a similar agreement with U.K.-based small launch vehicle developer Orbex on 2023-06-13.
A University of Exeter study found that a single launch of the Orbex Prime rocket will produce up to 96 percent lower carbon emissions than comparable space launch systems using fossil fuels.
Orbex completed a Series C funding round at the end of 2022 that raised an additional £40.4 million.
A University of Exeter study showed that a single launch of the Orbex Prime rocket will produce up to 96 percent lower carbon emissions than comparable space launch systems using fossil fuels.
Orbex is a UK-based spaceflight company with headquarters, production, and testing facilities in Scotland.
Orbex has won more than a dozen research and development contracts from bodies including the UK Space Agency, the European Space Agency, and the European Commission Horizon 2020 program.
Orbex concluded its Series C funding round at the end of 2022, netting the company an additional £40.4 million.
Orbex planned to use the Prime prototype for integrated testing including countdown dress rehearsals ahead of a first launch that was then scheduled for as soon as late 2022.
Orbex secured agreements required to build Sutherland Spaceport, including a lease, in November 2022.
Orbex unveiled a full-scale prototype of the Prime small launch vehicle nearly a year before May 2023 for integrated testing.
Orbex raised £40,400,000 ($51,000,000) in a Series C funding round in October 2022.
Orbex expected to spend more than £20,000,000over three years building and operating Sutherland Spaceport.
Jacobs invested in Orbex’s October 2022 Series C funding round that raised £40,400,000.
Orbex received £3,000,000from the U.K. Nuclear Decommissioning Authority to support Sutherland Spaceport development.
The UK Space Agency provided £2.5 million towards Sutherland Spaceport and £5.5 million for the development of Orbex’s Prime rocket.
Orbex will use Sutherland Spaceport to launch as many as 12 orbital rockets per year for satellite deployment.
Orbex Prime is powered by a renewable bio-fuel, Futuria Liquid Gas, supplied by Calor UK.
Orbex signed a 50-year sub-lease with Highlands and Islands Enterprise enabling Orbex to direct construction and assume full operational management of the facility on the community-owned Melness Crofters Estate.