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The U.K. Space Agency awarded £5.5 million on 2018-07-16 to Orbex to set up operations at a new spaceport the government will establish in northern Scotland.
Orbex will use the U.K. Space Agency funding to help develop its Prime small launch vehicle.
The U.K. Space Agency awarded a £5.5 million grant to Orbex to support a U.K. launch system.
Orbex conducts much of its development work in Denmark and plans to build a factory in Scotland for its Prime launch vehicle.
The July funding covers more than half of the estimated $70–75 million cost to develop Orbex’s Prime small launch vehicle.
Orbex received £5.5 million of the £30 million from the British government through the U.K. Space Agency’s launch initiative.
Orbex plans to construct a factory for Prime in Scotland that will eventually employ 150 people.
Orbex had about 15 employees at the time of the report and expects headcount to double in three to four months and reach 40 or more by early 2019.
Orbex raised £30,000,000 ($39,000,000) from government and private sources on 2018-07-16.
Rocket Lab’s Electron uses RP-1 as fuel while Orbex’s Prime uses propane.
Orbex announced a $40,000,000 funding round on 2018-07-16 that includes the U.K. Space Agency grant and contributions from Sunstone Technology Ventures and the High-Tech Gründerfonds.
On 2018-07-16 the U.K. Space Agency awarded $31,000,000 to Lockheed Martin and $7,000,000 to Orbex to develop launch systems for a vertical launch site in Sutherland, Scotland.
A new spaceport in northern Scotland to be used by Lockheed Martin and Orbex was announced at the Farnborough International Airshow.
Orbex will use U.K. Space Agency funding to support development of its small launch vehicle called Prime.