5 years ago

Orbex Secures £18 Million to Launch First Rocket from UK Soil

  • Orbex, a UK-based spaceflight company, has secured £18 million in funding led by BGF and Octopus Ventures

  • The funding will support the company's roadmap to its first launch from the Space Hub Sutherland spaceport in Scotland

  • Orbex is developing a new rocket, Orbex Prime, which uses bio-propane, a renewable biofuel that cuts CO2 emissions by 90%

  • The company has already secured six commercial satellite launch contracts, with the first launches expected in 2022.

      • ProblemTechnology

      "Small satellite companies need a reliable, cost-effective, and environmentally friendly way to launch their satellites into orbit."

      Solution

      "Orbex offers a unique launch solution with its Orbex Prime rocket, using bio-propane fuel for reduced emissions and aiming for recoverability and reusability, providing a responsible and efficient option for small satellite launches."

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