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Orbex's CEO Phil Chambers anticipates a first launch attempt of the Prime small launch vehicle sometime in 2024 but aims for 2025.
Orbex expects Sutherland Spaceport to be ready in early spring of 2024.
The new factory would allow Orbex to scale up production to 24 Prime vehicles per year.
Orbex is planning to raise funding for a new factory to increase production of the Prime small launch vehicle.
Orbex is planning its first launch of its Prime rocket in 2025, capable of placing 180 kilograms into orbit.
The Forres expansion will provide more space for the Orbex team to develop the Orbex Prime rocket.
Orbex received £16.7 million from six backers as it begins its Series D funding round.
Orbex will become the first UK rocket manufacturer to establish a base in London.
Orbex plans to launch the Prime vehicle from Sutherland Spaceport in northern Scotland.
Orbex raised an additional $21 million to support the development of its Prime launch vehicle.
Orbex’s technology platform uses an innovative combustion design and green fuels to provide a reduction in CO2 equivalent emissions.
Phillip Chambers invested in Orbex’s £40 million Series C funding round in 2022.
Orbex received £16.7 million from six backers in an update to its Series C funding round.
The Scottish National Investment Bank provided a £10.5 million follow-on investment in Orbex’s Series C funding round.
Orbex is expanding its manufacturing and aims to complete its Sutherland Spaceport 2024.
Orbex plans to launch Prime from Sutherland Spaceport in northern Scotland.
Orbex planned a first Prime launch for late 2021 in 2019, which by late 2020 had slipped to 2022 and in 2022 had slipped to sometime in 2023.
Orbex raised £16,700,000 ($20,800,000) on 2024-04-18 as an extension to a Series C round that raised £40,000,000in 2022.
Orbex secured £40.4 million in a Series C funding round led by Scottish National Investment Bank.
Orbex plans to launch as many as 12 Prime rockets into orbit each year.