British rocket startup Orbex goes under

The prototype of Orbex’s never-launched Prime rocket,
on the launchpad in 2022
After waiting four years to get the necessary launch licenses from the United Kingdom’s Civil Aviation Authority (CAA), delays that forced it to abandon its preferred spaceport in Sutherland to go to the SaxaVord spaceport in the Shetland Islands, the British rocket startup Orbex today announced its effort to find a buyer or new financing had failed and it is going into receivership with the goal of selling off its assets.
Orbex has filed a notice of intention to appointment Administrators and will continue trading while all options for the future of the company are explored, including potential sale of all or parts of its business or assets. The notice provides short-term protection and allows the business time to secure as positive an outcome as possible for its creditors, employees and wider stakeholders.
The funding required for Orbex to remain a viable business was sought from a variety of public and private investors during its Series D funding round, which has ultimately failed. Several merger and acquisition opportunities have also been explored, with none resulting in a favourable outcome.
To repeat this company’s sad story, Orbex had hoped to do its first launch from the proposed Sutherland spaceport on the north coast of Scotland in 2022, but was blocked for four years because of red tape. First, the UK’s Civil Aviation Authority would not issue the spaceport and launch licenses. Second, local opposition delayed approvals as well. Those delays ate into the company’s resources, until it became entirely dependent on grants from the UK government (some through the European Space Agency) to keep it afloat.
By 2024 Orbex realized launching from Sutherland was impossible, and it then switched to the Saxavord spaceport in the Shetland Islands. This forced more delays because the company had no facilities there. It had already spent a fortune building everything for Sutherland.
There will be many who will blame this failure on the difficulty of rocket science, but it appears the fault almost entirely lies with the UK government and its odious regulatory regime. Neither Sutherland nor SaxaVord have been able to get anything off the ground, and it appears right now that rocket companies are going everywhere else to find launch sites. New rockets must launch and fail so that they can eventually succeed. The sense I get from the CAA is that it is treating every launch not as a test but as an operational launch that must succeed. Orbex couldn’t meet that standard.
Nor can any other rocket startup. At the moment SaxoVord has only one customer planning to launch, the German startup Rocket Factory Augsburg, but after a static fire explosion in 2024 blocked the launch nothing has happened since. I suspect the company is having problems getting new launch approvals from the CAA.

The prototype of Orbex’s never-launched Prime rocket,
on the launchpad in 2022
After waiting four years to get the necessary launch licenses from the United Kingdom’s Civil Aviation Authority (CAA), delays that forced it to abandon its preferred spaceport in Sutherland to go to the SaxaVord spaceport in the Shetland Islands, the British rocket startup Orbex today announced its effort to find a buyer or new financing had failed and it is going into receivership with the goal of selling off its assets.
Orbex has filed a notice of intention to appointment Administrators and will continue trading while all options for the future of the company are explored, including potential sale of all or parts of its business or assets. The notice provides short-term protection and allows the business time to secure as positive an outcome as possible for its creditors, employees and wider stakeholders.
The funding required for Orbex to remain a viable business was sought from a variety of public and private investors during its Series D funding round, which has ultimately failed. Several merger and acquisition opportunities have also been explored, with none resulting in a favourable outcome.
To repeat this company’s sad story, Orbex had hoped to do its first launch from the proposed Sutherland spaceport on the north coast of Scotland in 2022, but was blocked for four years because of red tape. First, the UK’s Civil Aviation Authority would not issue the spaceport and launch licenses. Second, local opposition delayed approvals as well. Those delays ate into the company’s resources, until it became entirely dependent on grants from the UK government (some through the European Space Agency) to keep it afloat.
By 2024 Orbex realized launching from Sutherland was impossible, and it then switched to the Saxavord spaceport in the Shetland Islands. This forced more delays because the company had no facilities there. It had already spent a fortune building everything for Sutherland.
There will be many who will blame this failure on the difficulty of rocket science, but it appears the fault almost entirely lies with the UK government and its odious regulatory regime. Neither Sutherland nor SaxaVord have been able to get anything off the ground, and it appears right now that rocket companies are going everywhere else to find launch sites. New rockets must launch and fail so that they can eventually succeed. The sense I get from the CAA is that it is treating every launch not as a test but as an operational launch that must succeed. Orbex couldn’t meet that standard.
Nor can any other rocket startup. At the moment SaxoVord has only one customer planning to launch, the German startup Rocket Factory Augsburg, but after a static fire explosion in 2024 blocked the launch nothing has happened since. I suspect the company is having problems getting new launch approvals from the CAA.











