The Rocket Report's latest issue highlights key developments in the launch sector, particularly the UK government's $25 million investment in Scotland-based Orbex, aimed at bolstering the European launch industry. Although this funding signals confidence, Orbex's ambitious plans, including creating both a microlauncher and a larger Proxima rocket, raise concerns. The company recently halted plans for a Sutherland spaceport to concentrate on rocket development, showcasing both potential and challenges in their operational strategy within a competitive market.
As part of the company's latest fundraising round, valued at $50 million (GBP 40 million), the UK government will become a shareholder in Orbex.
Phil Chambers, Orbex's chief executive, said the UK support would be 'a strong signal to other private investors, and to the European Space Agency and the EU, that we're serious about being a part of the future of European launch.'
The company suspended plans to develop a spaceport at Sutherland in the Scottish Highlands to focus resources on developing the Prime microlauncher.
Orbex's recent activity does not inspire confidence; ambitious plans to develop multiple rockets could overshadow their focus.
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