French startup The Exploration Company negotiating purchase of UK rocket startup Orbex
The prototype of Orbex’s never-launched Prime rocket,
on the launchpad in 2022
In what appears to be a direct consequence of British red tape blocking Orbex from launching in the past four years, it is now in negotiations to sell its assets to the French startup The Exploration Company.
On 21 January, Orbex published a brief press release stating that a letter of intent had been signed and that negotiations had begun. The company added that all details about the transaction remain confidential at this stage. A statement from Orbex CEO Phil Chambers suggests that the company’s financial position factored into its decision to pursue a buyer. “Our Series D fundraising could have led us in many directions,” said Chambers. “We believe this opportunity plays to the strengths of both businesses, and we look forward to sharing more when the time is right.”
Let me translate: In 2022 Orbex had set up a factory close to the proposed Sutherland spaceport on the north coast of Scotland, had signed a 50 year lease with that facility to launch its Prime rocket there, had built a launch platform and tested a prototype of the rocket, and was poised to do its first launch. All it needed was license approvals from the United Kingdom’s Civil Aviation Authority (CAA).
And then it waited, and waited, and waited, and waited. By 2024 it gave up on Sutherland, because the authorities (local and national) kept rejecting its spaceport license for environmental and political reasons. It switched its launch site to the SaxaVord spaceport on the Shetland Islands, pushing back that first launch to 2026. Along the way the UK gave it a $25 million grant, likely to keep the company above water because the UK was blocking its ability to launch.
All for naught. It is very clear Orbex has run out of cash waiting, and is now looking to salvage its work by selling everything to the French company, which so far has focused on building a cargo capsule to supply the upcoming commercial space stations.
If the sale goes through, do not be surprised if Orbex’s assets exit the UK entirely. And at that point, the CAA’s red tape can be given credit for destroying a second rocket company, following Virgin Orbit.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The prototype of Orbex’s never-launched Prime rocket,
on the launchpad in 2022
In what appears to be a direct consequence of British red tape blocking Orbex from launching in the past four years, it is now in negotiations to sell its assets to the French startup The Exploration Company.
On 21 January, Orbex published a brief press release stating that a letter of intent had been signed and that negotiations had begun. The company added that all details about the transaction remain confidential at this stage. A statement from Orbex CEO Phil Chambers suggests that the company’s financial position factored into its decision to pursue a buyer. “Our Series D fundraising could have led us in many directions,” said Chambers. “We believe this opportunity plays to the strengths of both businesses, and we look forward to sharing more when the time is right.”
Let me translate: In 2022 Orbex had set up a factory close to the proposed Sutherland spaceport on the north coast of Scotland, had signed a 50 year lease with that facility to launch its Prime rocket there, had built a launch platform and tested a prototype of the rocket, and was poised to do its first launch. All it needed was license approvals from the United Kingdom’s Civil Aviation Authority (CAA).
And then it waited, and waited, and waited, and waited. By 2024 it gave up on Sutherland, because the authorities (local and national) kept rejecting its spaceport license for environmental and political reasons. It switched its launch site to the SaxaVord spaceport on the Shetland Islands, pushing back that first launch to 2026. Along the way the UK gave it a $25 million grant, likely to keep the company above water because the UK was blocking its ability to launch.
All for naught. It is very clear Orbex has run out of cash waiting, and is now looking to salvage its work by selling everything to the French company, which so far has focused on building a cargo capsule to supply the upcoming commercial space stations.
If the sale goes through, do not be surprised if Orbex’s assets exit the UK entirely. And at that point, the CAA’s red tape can be given credit for destroying a second rocket company, following Virgin Orbit.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Ah, yes. Another success for the Starmer regime in taking Great Britain down to Third World levels where “nothing works” but the government, and it works (at repression and thought control) all too well.
Once upon a time, there was a woman named Margaret Thatcher who tried to set a very different course for her country, but that vision failed to endure. For those who have forgotten that era — memory holed as it has been — there is a wonderful dramatization of her tenure in office at https://www.hollywoodreporter.com/tv/tv-reviews/brian-and-maggie-review-steve-coogan-harriet-walter-pbs-1236386358/
At that point, Britain showed signs of becoming a real civilization again, and anything seemed possible. Indeed, a lot of the dialogue in that show sounds like the current discussion in Behind the Black, and Ms. Thatcher saw the difference between freedom and serfdom as clearly as any elected official ever has.
The Trump Administration has been refreshingly candid in its own assessment of the “European sickness,” and it will be interesting to hear what more he might say about this in Davos this week.