Big news at Orbex! 🌌 Great to see that Orbex have recently secured a huge £16.7million in its latest funding round. This boost, which is led by six backers including the Scottish National Investment Bank, venture capital firms, and strategic investors, marks a key moment as Orbex gears up for its next phase of development. This increase of funding will accelerate the development of Prime, which is Orbex's cutting-edge rocket designed to revolutionise satellite transportation into Low Earth Orbit. At 19 meters long and powered by renewable bio-fuel, Prime not only promises efficiency but also significantly reduces carbon emissions. This aligns with Orbex's commitment to sustainability and their goal to achieve carbon neutrality. By investing, we're not only supporting technological innovation but also contributing to the larger goal of sustainability in space exploration. I think this news marks a positive move forward and commitment to space sustainability. Looking ahead, Orbex are poised for continued growth with plans for a Series D funding round on the horizon. As testing progresses and the first launch approaches, I think Orbex are set to solidify its position as Europe's premier orbital launch business.🌠 How do you think this increase of funding help accelerate renewable rockets? #SpaceInnovation #OrbitalLaunch #Sustainability
Great news! We have many roles across Propulsion. Please reach out to Kirsty Williams & Shanna-Rose Carlo
Great company always doing well in funding!
Exciting news
This is very exciting news and looks like a great move forward for Orbex!
Looking forward to a launch from UK soil!
Such great news!
Brilliant news, thanks for sharing!
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6moGreat to be partnered with such an exciting business