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Orbex Faces Insolvency, 90 Jobs Cut Amid Funding Crisis

2/11/2026

44 10 Full Breakdown

Summary

Story summary

Orbex, the UK-based space company, has entered insolvency proceedings after failed acquisition talks with The Exploration Company.
The company has laid off 90 employees and faces the risk of further redundancies due to unsuccessful fundraising and merger opportunities.
Local politicians criticized the UK government for withdrawing vital funding, jeopardizing Orbex's potential and local jobs.

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Story summary

Orbex, the UK-based space company, has entered insolvency proceedings after failed acquisition talks with The Exploration Company.
The company has laid off 90 employees and faces the risk of further redundancies due to unsuccessful fundraising and merger opportunities.
Local politicians criticized the UK government for withdrawing vital funding, jeopardizing Orbex's potential and local jobs.