Orbex Appoints Administrators — UK Launch Market Suffers Another Blow

Photo: Orbex Space

The U.K. launch industry has suffered another devastating blow with the news that Orbex is going to have to appoint administrators after fundraising and merger and acquisition opportunities concluded unsuccessfully. The company will continue trading while all options for the future of the company are explored, including potential sale of all or parts of its business or assets. The company announced the news, Feb. 11.

The funding required for Orbex to remain a viable...