United Kingdom awards rocket startup Orbex $25 million
The government of the United Kingdom has made a sudden and unexpected $25 million grant to the British rocket startup Orbex, which recently announced it was abandoning its launchpad at the Sutherland spaceport and switching to the Saxavord spaceport on the Shetland Islands.
While the UK Government has supported Orbex through grants awarded via the European Space Agency’s Boost! programme, the £20 million investment appears to represent the state acquiring a stake in the company and its future. This signals a significant show of support from the government as the company gears up to compete in the European Launcher Challenge.
Channeling former NASA Administrator Jim Bridenstine, Technology Secretary Peter Kyle declared that the government’s backing of Orbex would enable the launch of “British rockets carrying British satellites from British soil.”
It seems to me that this cash award is less an investment in the company and more a kind of guilt payment by the United Kingdom government because the red tape of its bureaucracy, the Civil Aviation Authority, prevented Orbex from launching at Sutherland for almost three years, delays that eventually forced the switch to Saxavord, which after its own long red tape delays finally has its license approvals not yet issued to Sutherland.
Orbex has probably indicated to the government that these delays have caused it significant cash flow problems, similar to what happened to Virgin Orbit where red tape delays eventually drove it to bankruptcy. The company also probably told the government it needed extra cash to prepare the launchpad at Saxavord for its rocket, money it had already spent at Sutherland and no longer had.
Thus, this $25 million government grant. The UK government realized that if a second rocket company went belly-up due to its red tape, it would likely end forever any chance of getting any rocket company from considering launching from the United Kingdom.
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. from any other book seller, or direct from my ebook publisher, ebookit.
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 government of the United Kingdom has made a sudden and unexpected $25 million grant to the British rocket startup Orbex, which recently announced it was abandoning its launchpad at the Sutherland spaceport and switching to the Saxavord spaceport on the Shetland Islands.
While the UK Government has supported Orbex through grants awarded via the European Space Agency’s Boost! programme, the £20 million investment appears to represent the state acquiring a stake in the company and its future. This signals a significant show of support from the government as the company gears up to compete in the European Launcher Challenge.
Channeling former NASA Administrator Jim Bridenstine, Technology Secretary Peter Kyle declared that the government’s backing of Orbex would enable the launch of “British rockets carrying British satellites from British soil.”
It seems to me that this cash award is less an investment in the company and more a kind of guilt payment by the United Kingdom government because the red tape of its bureaucracy, the Civil Aviation Authority, prevented Orbex from launching at Sutherland for almost three years, delays that eventually forced the switch to Saxavord, which after its own long red tape delays finally has its license approvals not yet issued to Sutherland.
Orbex has probably indicated to the government that these delays have caused it significant cash flow problems, similar to what happened to Virgin Orbit where red tape delays eventually drove it to bankruptcy. The company also probably told the government it needed extra cash to prepare the launchpad at Saxavord for its rocket, money it had already spent at Sutherland and no longer had.
Thus, this $25 million government grant. The UK government realized that if a second rocket company went belly-up due to its red tape, it would likely end forever any chance of getting any rocket company from considering launching from the United Kingdom.
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. from any other book seller, or direct from my ebook publisher, ebookit. 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
Considering the general proclivities of the Starmer government, this grant has to be rated borderline miraculous. Perhaps Downing Street is finally becoming aware that its antics since ascension to power have rendered the UK variously a laughingstock and a pariah in a growing number of foreign parts – the US not least among these. I anticipate some well-deserved rough handling of the UK by the Trump administration in the near future that I expect will go well beyond simply leaving Sir Keir off the invite list for the recent inauguration festivities.