Orbex Soars with £16.7M Investment

Orbex, a Scottish spaceflight company, secures £16.7M in extended Series C funding. Backed by Scottish National Investment Bank, Octopus Ventures, BGF, and more, Orbex plans to accelerate the development of its Prime rocket for small satellite launches. With a focus on sustainability and innovation, Orbex aims to lead Europe's orbital launch market. CEO Phillip Chambers emphasizes the company's pivotal role in the UK's space industry and its commitment to cost-effective, eco-friendly rocket technology. As Orbex gears up for testing and launch, a Series D funding round looms on the horizon to propel its growth further.