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.
» Read more

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.
» Read more









