Rocket startup Orbex raises another $45 million
The British-based rocket startup company Orbex announced today that it has successfully raised another $45 million in private investment capital, adding to the $63 million it had previously raised.
Orbex is developing Prime, a small launch vehicle designed to place up to 180 kilograms into low Earth orbit. The vehicle, built by the company at a factory in Forres, Scotland, will launch initially from Space Hub Sutherland, a new launch site under development in northern Scotland.
“With Orbex, we will have a rocket assembled in Scotland, launching from Scotland and likely transporting satellites built in Scotland into orbit,” said Nicola Douglas, executive director of the Scottish National Investment Bank, in a statement. “We’re building a full end-to-end commercial space ecosystem in Scotland and we’re proud to play our part in this funding round.”
The company is targeting 2023 for its first launch from the new spaceport in Sutherland, Scotland.
The British-based rocket startup company Orbex announced today that it has successfully raised another $45 million in private investment capital, adding to the $63 million it had previously raised.
Orbex is developing Prime, a small launch vehicle designed to place up to 180 kilograms into low Earth orbit. The vehicle, built by the company at a factory in Forres, Scotland, will launch initially from Space Hub Sutherland, a new launch site under development in northern Scotland.
“With Orbex, we will have a rocket assembled in Scotland, launching from Scotland and likely transporting satellites built in Scotland into orbit,” said Nicola Douglas, executive director of the Scottish National Investment Bank, in a statement. “We’re building a full end-to-end commercial space ecosystem in Scotland and we’re proud to play our part in this funding round.”
The company is targeting 2023 for its first launch from the new spaceport in Sutherland, Scotland.