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
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. 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.
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!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. 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.
Readers: the rules for commenting!
No registration is required. I welcome all opinions, even those that strongly criticize my commentary.
However, name-calling and obscenities will not be tolerated. First time offenders who are new to the site will be warned. Second time offenders or first time offenders who have been here awhile will be suspended for a week. After that, I will ban you. Period.
Note also that first time commenters as well as any comment with more than one link will be placed in moderation for my approval. Be patient, I will get to it.