Orbex’s Danish subsidiary to file for bankruptcy
In what appears to confirm the story yesterday that the rocket startup Orbex was about to be bought out by the French startup The Exploration Company — thus likely ending operations in Great Britain — there was a second follow-up story later in the day that claimed Orbex’s Danish subsidiary is about to file for bankruptcy.
On 20 January, more than 15 Orbital Express Launch ApS employees announced at around the same time on LinkedIn that they were looking for work. Since then, European Spaceflight has received confirmation from three independent sources, who wished to remain anonymous, that the subsidiary has dismissed its entire workforce, with the company expected to officially file for bankruptcy on 22 January.
The article notes that this subsidiary had been losing millions in the past two years, and was entirely reliant on cash from its parent company. Unfortunately, Orbex has had no incoming revenue itself, because red tape in the United Kingdom had prevented it from launching for the past four years.
If true, this story confirms that Orbex’s negotiations with The Exploration Company is likely an attempt to make as much money from its remaining assets as possible before closing down.
Congratulations to the United Kingdom, the land where rocket companies go to die!
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
In what appears to confirm the story yesterday that the rocket startup Orbex was about to be bought out by the French startup The Exploration Company — thus likely ending operations in Great Britain — there was a second follow-up story later in the day that claimed Orbex’s Danish subsidiary is about to file for bankruptcy.
On 20 January, more than 15 Orbital Express Launch ApS employees announced at around the same time on LinkedIn that they were looking for work. Since then, European Spaceflight has received confirmation from three independent sources, who wished to remain anonymous, that the subsidiary has dismissed its entire workforce, with the company expected to officially file for bankruptcy on 22 January.
The article notes that this subsidiary had been losing millions in the past two years, and was entirely reliant on cash from its parent company. Unfortunately, Orbex has had no incoming revenue itself, because red tape in the United Kingdom had prevented it from launching for the past four years.
If true, this story confirms that Orbex’s negotiations with The Exploration Company is likely an attempt to make as much money from its remaining assets as possible before closing down.
Congratulations to the United Kingdom, the land where rocket companies go to die!
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