£23.0M
The UK Government led the round with a £20m investment to support upcoming rocket launches and development programmes.
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Orbex
Orbex develops space rockets and launch services for small satellites.
£70.1MTotal raised
Orbex develops space launch services and rockets designed to transport small satellites into orbit. Initial operations are planned from SaxaVord Spaceport in Shetland.
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Team
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Chris Larmour
CEO
Chris serves as chief executive officer at Factorial Books and holds board roles at Aurora Avionics, following his previous leadership tenure at Orbex. He also brings commercial and sales experience from Swissto12 and Celcite.
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Phillip Chambers
CEO
Phillip is a partner at Balderton, having previously served as chief executive officer of Orbex and co-founded Peakon. He also brings board experience from Heartcore Capital.
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Miguel Belló Mora
Executive Chairman
Miguel brings extensive experience in the space sector, having previously served as director of the Spanish Space Agency and executive chairman of Orbex. He also held leadership roles at DEIMOS Space and the AIR Centre.
LinkedInInvestors
- £23.0M
- £16.7M
- £6.4M
- $24.0M
Funding history
£16.7M
The funding follows backing from six investors, led by a £10.5m injection from the Scottish National Investment Bank.
£6.4M
The European Space Agency has awarded Orbex funding through its Boost! commercial space transportation programme.
$24.0M
The financing round will secure the roadmap to the company's first orbital launch from Sutherland.