Orbex pauses its own spaceport construction in Sutherland, opting to launch first rockets from SaxaVord and invest in new rocket technology.
Strategic Move to SaxaVord Enhances Launch Capabilities
Orbex has made a bold decision to halt the construction of its planned spaceport in Sutherland. Instead, the company will initiate its rocket launches from the established SaxaVord Spaceport. This shift allows Orbex to allocate more resources toward developing Proxima, a new medium-sized launch vehicle aimed at expanding their market reach.
This change isn’t just a simple switch of locations. By partnering with SaxaVord, Orbex gains immediate access to a licensed and operational spaceport. This move is expected to accelerate their timeline, aiming for their first launch in 2025. It also strengthens SaxaVord’s position by adding a high-profile customer, fostering a mutually beneficial relationship for both parties.
Investment in Proxima Signals Growth Ambitions
Redirecting funds to Proxima is a clear indication of Orbex’s commitment to innovation and growth. Proxima is designed to handle larger payloads, enabling the company to cater to the increasing demand for satellite launches. This development is crucial for maintaining competitiveness within Europe’s rapidly advancing space industry.
The new launch vehicle will not only support institutional and commercial contracts but also position Orbex to participate actively in the European Launcher Challenge. This ESA-run competition is pivotal for boosting European launch capabilities, and Orbex’s involvement signifies their dedication to being at the forefront of this sector.
Expanding Manufacturing in Forres to Meet Demand
Orbex plans to scale up its manufacturing operations in Forres, ensuring they can meet the growing demand for their existing Prime launch vehicle. The expansion will also facilitate the development of Proxima, allowing Orbex to increase its capacity for sending more and larger satellites into orbit.
This strategic expansion is supported by robust funding from notable investors, including the Scottish National Investment Bank and several major venture capital funds. With backing from entities like BGF, Octopus Ventures, Heartcore Capital, and the High-Tech Gründerfonds, Orbex is well-positioned to support its ambitious growth plans.
- Key Investment Highlights:
- Increased manufacturing capabilities in Forres
- Development of the Proxima launch vehicle
- Participation in the European Launcher Challenge
Strengthening the UK’s Space Industry Footprint
The UK’s space sector is experiencing rapid growth, and Orbex’s strategic decisions play a significant role in this expansion. By focusing on medium-sized launch vehicles, Orbex supports the scalability and synergy needed to keep the UK competitive in the European market.
Phil Chambers, CEO of Orbex, emphasized the importance of focusing resources on launch vehicles and services. “This decision will help us reach first launch in 2025 and provides SaxaVord with another customer to further strengthen its commercial proposition,” he stated. This partnership not only benefits Orbex but also contributes to the broader UK and Scottish space ambitions.
Collaborative Efforts with SaxaVord Spaceport
Frank Strang, CEO of SaxaVord Spaceport, welcomed Orbex’s decision. “We’re delighted to welcome Orbex to SaxaVord. Given the scale of their ambition and the evolution of their offer to include a medium-sized launch vehicle, it makes sense for Orbex to start operations from SaxaVord Spaceport,” he remarked. This collaboration is expected to enhance the operational capabilities of SaxaVord, making it a key player in the region’s space launch activities.
Future Prospects and Continuous Review
While Orbex pauses the construction of its own spaceport, the lease to build and operate at Sutherland remains in place. This flexibility ensures that Orbex can ramp up launch capacity in the future if needed. The company will keep this arrangement under continuous review, adapting to the evolving demands of the space industry.
Orbex’s strategic realignment highlights the dynamic nature of the space sector, where flexibility and adaptability are crucial. As the company continues to innovate and expand, its contributions will be vital in shaping the future of European space launch services.
