Smallsat rocket startup Obex raises $24 million
Capitalism in space: The smallsat rocket startup Obex of the United Kingdom today announced that it has raised $24 million in private investment capital to support the development of its Prime rocket.
Conceived and developed as an environmentally sustainable launch system, the Orbex Prime rocket uniquely uses bio-propane, a renewable biofuel that cuts CO2 emissions by 90% compared to traditional kerosene-based rocket fuels. Designed to be recoverable and re-usable, Orbex Prime is intended to leave no debris in the ocean or in orbit around the Earth. The company is constructing the rocket vehicle at factories in Forres, near Inverness in Scotland, and Copenhagen in Denmark.
…Orbex has already confirmed six commercial satellite launch contracts, with the first launches expected in 2022. The company’s preferred launch site will be the Sutherland spaceport on the northernmost coast of Scotland, which was granted planning permission in mid-August 2020.
Whether the Sutherland spaceport happens however remains uncertain. Though it still appears to be moving forward, there is a lot of local opposition to it, some with clout. It appears however that Orbex is aware of this reality, and is developing Prime to allow it to launch from other sites.
That the company is trying to build this rocket as reusable right from the beginning is encouraging. It shows that the rocket industry is finally accepting the new paradigm established by SpaceX. For them to achieve this by ’22 however will be quite challenging.
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Capitalism in space: The smallsat rocket startup Obex of the United Kingdom today announced that it has raised $24 million in private investment capital to support the development of its Prime rocket.
Conceived and developed as an environmentally sustainable launch system, the Orbex Prime rocket uniquely uses bio-propane, a renewable biofuel that cuts CO2 emissions by 90% compared to traditional kerosene-based rocket fuels. Designed to be recoverable and re-usable, Orbex Prime is intended to leave no debris in the ocean or in orbit around the Earth. The company is constructing the rocket vehicle at factories in Forres, near Inverness in Scotland, and Copenhagen in Denmark.
…Orbex has already confirmed six commercial satellite launch contracts, with the first launches expected in 2022. The company’s preferred launch site will be the Sutherland spaceport on the northernmost coast of Scotland, which was granted planning permission in mid-August 2020.
Whether the Sutherland spaceport happens however remains uncertain. Though it still appears to be moving forward, there is a lot of local opposition to it, some with clout. It appears however that Orbex is aware of this reality, and is developing Prime to allow it to launch from other sites.
That the company is trying to build this rocket as reusable right from the beginning is encouraging. It shows that the rocket industry is finally accepting the new paradigm established by SpaceX. For them to achieve this by ’22 however will be quite challenging.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the 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. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
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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