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UK space startup Orbex files for administration, halting its Prime rocket project due to funding failure, impacting jobs but not the Shetland spaceport.
Orbex, a UK space company developing the Prime microlauncher, has filed for administration after failing to secure funding through a Series D round and unsuccessful merger talks.
Despite progress on its sovereign launch capability, commercial commitments, and planning for test flights from SaxaVord Spaceport in Shetland later in 2026, the company halted development and paused site work.
CEO Phil Chambers expressed disappointment, citing the high capital demands of space ventures and the need for institutional support.
While the spaceport’s operations remain unaffected and continue with other clients, Orbex employees face job losses as the company explores asset sales or a partial sale.
La startup espacial británica Orbex solicita la administración, deteniendo su proyecto de cohete Prime debido al fracaso de la financiación, afectando a los empleos pero no al puerto espacial de Shetland.