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The UK pledged €21.7 million of its total €144 million ELC contribution to the local launcher Orbex, while holding most funds in an account labeled 'to be distributed.'
Orbex expects the decision to switch operations to help it reach first launch in 2025 and to provide SaxaVord with another customer to strengthen its commercial proposition.
Orbex indicated that the move to SaxaVord will free up resources to accelerate its goal of achieving first launch in 2025.
Orbex is developing the Orbex Prime launch vehicle for a first launch as soon as 2025.
Orbex is planning to raise funding for a new factory to increase production of the Prime small launch vehicle.
Orbex's CEO Phil Chambers anticipates a first launch attempt of the Prime small launch vehicle sometime in 2024 but aims for 2025.
Orbex is planning its first launch of its Prime rocket in 2025, capable of placing 180 kilograms into orbit.
Orbex plans to launch the Prime vehicle from Sutherland Spaceport in northern Scotland.
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 plans to launch as many as 12 Prime rockets into orbit each year.
Orbex plans to launch Orbex Prime from its home spaceport in Sutherland.
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 is planning its largest internship program to date for 2023/24 that aims to welcome as many as a dozen new interns.
Orbex was performing a wide variety of integration tests of Prime ahead of a first launch that was scheduled for some time in 2023.
Orbex is developing a launch vehicle named Prime that is capable of placing up to 180 kg into orbit and plans to launch from the Sutherland spaceport in Scotland.
Orbex plans to launch Prime initially from Space Hub Sutherland, a launch site under development in northern Scotland.
Orbex previously raised $24,000,000 in December 2020 and $39,000,000 in July 2018.
Orbex planned a first launch of Prime in the second half of 2021 before schedule slips occurred.
Orbex unveiled a full-scale prototype of its Prime rocket on 2022-05-11 to use for integrated tests ahead of its maiden flight.