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Orbex Delays Launch to 2026, Seeks £120 Million Funding

6/25/2025

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Summary

Story summary

British rocket start-up Orbex has pushed its inaugural launch to 2026, now in pursuit of an extra £120 million in private funding, following a £20 million boost from taxpayers. With plans to construct its Orbex Prime rocket in Scotland, the company aims to revolutionize small satellite transport while also seeking government backing for a larger rocket initiative.

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Story summary

British rocket start-up Orbex has pushed its inaugural launch to 2026, now in pursuit of an extra £120 million in private funding, following a £20 million boost from taxpayers. With plans to construct its Orbex Prime rocket in Scotland, the company aims to revolutionize small satellite transport while also seeking government backing for a larger rocket initiative.