Saxavord spaceport lost about $7 million in both ’23 and ’24; Andoya launch scheduled for today
Proposed or active spaceports in North Europe
According to a report in the Times of London yesterday, the Saxavord spaceport on the Shetland Islands lost about $7 million in both ’23 and ’24.
Annual accounts for Shetland Space Centre, the SaxaVord operating company, show a near 32 per cent rise in revenue to £2.5 million for 2024. The document, recently lodged at Companies House, shows a £5.4 million [$7.25 million] pre-tax loss, compared to £5.1 million [$6.85 million] in 2023.
The spaceport is controlled by billionaire Anders Holch Povlsen, who had been instrumental in using the courts to block launches from the other proposed spaceport in Sutherland, Scotland. Saxavord meanwhile was first proposed about four years ago, but it has also not yet had its first launch. In both cases, the major obstacle has been the United Kingdom’s regulatory bureaucracy run by its Civil Aviation Authority, which has taken years to issue permits and licenses. Those delays have bankrupted two rocket companies, Virgin Orbit and Orbex, because they were unable to launch as scheduled.
Saxavord hopes its first launch will occur later this year, from the German rocket startup Rocket Factory Augsburg. That company had hoped to launch in 2024 — after more than a year delay due to red tape — but an explosion during the final static fire test of the first stage ended those plans.
Meanwhile, the first orbital launch from Norway’s Andoya spaceport is now expected later today by the German rocket startup Isar Aerospace. This will be the second launch of its Spectrum rocket, the first failing just after lift-off in 2025. This second attempt had been scrubbed in January and March, and is now scheduled for 1 pm (Pacific) today. I have embedded its live stream below.
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
Proposed or active spaceports in North Europe
According to a report in the Times of London yesterday, the Saxavord spaceport on the Shetland Islands lost about $7 million in both ’23 and ’24.
Annual accounts for Shetland Space Centre, the SaxaVord operating company, show a near 32 per cent rise in revenue to £2.5 million for 2024. The document, recently lodged at Companies House, shows a £5.4 million [$7.25 million] pre-tax loss, compared to £5.1 million [$6.85 million] in 2023.
The spaceport is controlled by billionaire Anders Holch Povlsen, who had been instrumental in using the courts to block launches from the other proposed spaceport in Sutherland, Scotland. Saxavord meanwhile was first proposed about four years ago, but it has also not yet had its first launch. In both cases, the major obstacle has been the United Kingdom’s regulatory bureaucracy run by its Civil Aviation Authority, which has taken years to issue permits and licenses. Those delays have bankrupted two rocket companies, Virgin Orbit and Orbex, because they were unable to launch as scheduled.
Saxavord hopes its first launch will occur later this year, from the German rocket startup Rocket Factory Augsburg. That company had hoped to launch in 2024 — after more than a year delay due to red tape — but an explosion during the final static fire test of the first stage ended those plans.
Meanwhile, the first orbital launch from Norway’s Andoya spaceport is now expected later today by the German rocket startup Isar Aerospace. This will be the second launch of its Spectrum rocket, the first failing just after lift-off in 2025. This second attempt had been scrubbed in January and March, and is now scheduled for 1 pm (Pacific) today. I have embedded its live stream below.
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
maybe want to correct some facts in this article. Orbex was not delayed because of CAA. They never had a working engine to launch the rocket in the first place, so even if they had had a license, they would not have launched. Virgin did launch but nevertheless went into bankruptcy. I guess horizontal launch and buying a Boeing to launch a rocket is not too economically viable…
In the “newspace”, which company is not posting losses? So that a spaceport posts losses is not a sensation but kind of “normal”… SaxaVord is a spaceport and thus is fully dependent on the rocket companies providing a rocket that can be launched. So instead of saying “but it has also not yet had its first launch”, you may want to say “but it has not yet hosted its first launch.”
How many years did Amazon post losses when it was created? How many years did SpaceX post losses? Does Isar Aerospace post profits? Andoya spaceport controlled by Norwegian government has this advantages…
Just some accuracies someone would expect from a journalist or blogger which I deem worth to read.