Billionaire who fought Sutherland spaceport now owns at least half of competing Saxavord spaceport
Proposed spaceports surrounding Norwegian Sea
Anders Povlsen, the Danish billionaire who aggressively fought the establishment of the Sutherland spaceport on the north coast of Scotland, where he owns lots of land, has increased his holding of the competing Saxavord spaceport on one of the Shetland Islands, raising his share of ownership there to at least 50%.
Danish billionaire Anders Povlsen has increased his stake in Shetland Space Centre via his company, Wild Ventures Ltd, which now owns more than half of its shares. New filings with Companies House also show that Lise Kaae, the chief executive of Mr Povlsen’s investment firm, Heartland, has been appointed as a director at the spaceport.
Mr Povlsen, who made his fortune in retail fashion and is reported to be Scotland’s largest landowner, has been involved in the spaceport since 2020 when Wild Ventures Ltd invested £1.5m.
Povlsen had for years aggressively opposed Sutherland, expressing that opposition with repeated lawsuits that caused years of regulatory delays. Those delays in turn impacted Sutherland’s biggest customer, the rocket startup Orbex, which had a fifty year lease on a launchpad and had hoped to start launches of its Prime rocket in 2022. In December 2024, with no sign it would get a launch license from the UK’s Civil Aviation Authority anytime soon, Orbex essentially gave up on Sutherland, announcing suddenly it was switching launch operations to Saxaford.
It now appears Povlsen’s lawfare effort has born fruit, which I think explains why he has now suddenly increased his ownership share in Saxavord
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Proposed spaceports surrounding Norwegian Sea
Anders Povlsen, the Danish billionaire who aggressively fought the establishment of the Sutherland spaceport on the north coast of Scotland, where he owns lots of land, has increased his holding of the competing Saxavord spaceport on one of the Shetland Islands, raising his share of ownership there to at least 50%.
Danish billionaire Anders Povlsen has increased his stake in Shetland Space Centre via his company, Wild Ventures Ltd, which now owns more than half of its shares. New filings with Companies House also show that Lise Kaae, the chief executive of Mr Povlsen’s investment firm, Heartland, has been appointed as a director at the spaceport.
Mr Povlsen, who made his fortune in retail fashion and is reported to be Scotland’s largest landowner, has been involved in the spaceport since 2020 when Wild Ventures Ltd invested £1.5m.
Povlsen had for years aggressively opposed Sutherland, expressing that opposition with repeated lawsuits that caused years of regulatory delays. Those delays in turn impacted Sutherland’s biggest customer, the rocket startup Orbex, which had a fifty year lease on a launchpad and had hoped to start launches of its Prime rocket in 2022. In December 2024, with no sign it would get a launch license from the UK’s Civil Aviation Authority anytime soon, Orbex essentially gave up on Sutherland, announcing suddenly it was switching launch operations to Saxaford.
It now appears Povlsen’s lawfare effort has born fruit, which I think explains why he has now suddenly increased his ownership share in Saxavord
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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