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Orbex Secures £40.4 Million in Series C Funding

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(Orbex) …  The innovative Prime rocket will be the first orbital rocket to be powered by a renewable bio-fuel, Calor’s Futuria Liquid Gas, a form of bio-propane which will play a part in reducing the carbon footprint of space launches by up to 96 per cent when compared with similarly-sized launch vehicles powered by fossil fuels. The sustainability credentials extend to the company’s ‘home’ spaceport of Space Hub Sutherland, which aims to become the world’s first carbon-neutral spaceport.

Orbex is currently performing a wide variety of integration tests, including the testing of the main propellant tanks and engines, as well as testing launch procedures including rollout, strongback erection and fuelling procedures in advance of the first launch, which will carry a payload developed by one of the world´s largest small satellite developers, Surrey Satellite Technology Limited.

“These results have only been made possible by the maturity and dedication of the entire Orbex team, who bring a huge amount of skill and experience to their tasks from a wide variety of industries, launch systems and spacecraft. This significant new funding round is testament to the work of that team and will allow us to continue to build Orbex towards our long-term goal of establishing a reliable, economically successful and environmentally sustainable European space launch business.”  READ MORE


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