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Orbex Secures £26M Funding for Shetland Launch Plans

10/7/2025

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Summary

Story summary

Orbex secures £6m loan from Technology Secretary Liz Kendall.
Peter Kyle provides £20m funding for a £150m European Space Agency contract.
Orbex shifted its base to SaxaVord spaceport on Unst Island and plans to launch from the Shetland Islands early next year.
In July, Orbex was shortlisted for the European Launcher Challenge, competing against firms from Germany, Spain, and France.

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Story summary

Orbex secures £6m loan from Technology Secretary Liz Kendall.
Peter Kyle provides £20m funding for a £150m European Space Agency contract.
Orbex shifted its base to SaxaVord spaceport on Unst Island and plans to launch from the Shetland Islands early next year.
In July, Orbex was shortlisted for the European Launcher Challenge, competing against firms from Germany, Spain, and France.