SpaceNewsSome European Launcher Challenge funding remains in limbo
UK caps launch liability in timely boost for nascent domestic market
Spaceflight πRE: https://mastodon.social/@europeanspaceflight/116069534495909145
#Orbex has formally begun #insolvency proceedings. The Exploration Company is "disappointed that this potential transaction will not move forward". #Skyrora confirms it intends to explore the purchase of select #Orbex assets, including the Sutherland #Spaceport.
UK launcher Orbex files for administration after failed funding efforts
RE: https://mastodon.social/@europeanspaceflight/115933366310717879
The #Exploration Company is building a reusable space capsule that will initially ferry cargo to the #ISS. #Orbex was founded in 2015 and is developing a small launch π vehicle called #Prime.
Itβs unclear which of the launch startups can make it over the #technical hurdles to host regular and reliable launches from #European πͺπΊ launch sites. Given the demand for their services, long-term success for launchers will depend almost entirely on their internal #economics as opposed to external market forces https://payloadspace.com/european-launchers-are-racking-up-bookings/
#IsarAerospace, #MaiaSpace, #PLDSpace and #RFA each received at least 169 million π° euros, while #Orbex received just 34.9 million πΆ euros. The #UK π¬π§ provided most of Orbexβs funding at 21.7 million euros, with #Denmark π©π° adding 8 million euros. The #Czech Republic, #Germany and #Portugal made smaller contributions https://spacenews.com/orbex-trails-other-european-launcher-challenge-companies-as-u-k-delays-funding-decision/
Orbex trails other European Launcher Challenge companies as U.K. delays funding decision
π #ESA πͺπΊ Launcher Challenge Component A/B : launch services, upgrades
π©πͺ #RocketFactory Augsburg β¬15.3, β¬165.21 mn
#IsarAerospace β¬23.05, β¬153.80 mn
#MaiaSpace β¬4.20 mn, β¬100,000
#Orbex β¬100,000, β¬1.7 mn
πͺπΈ #PLDSpace β¬36.77, β¬132.23 mn
π«π· #MaiaSpace β¬179 mn
π¬π§ #Orbex β¬10, β¬11.7 mn
#RocketFactory Augsburg β¬10 mn
π³π΄ #IsarAerospace β¬5, β¬20 mn
π¨πΏ #Orbex β¬100,000
π¦πΉ #IsarAerospace β¬3.80 mn
π©π° #Orbex β¬1.00, β¬7,00 mn
π΅πΉ #Orbex β¬3.30 mn
π¨π #MaiaSpace β¬1.00 mn
π³π± 0
amount β¬902.16 million π°https://europeanspaceflight.com/over-e900-million-committed-to-european-launcher-challenge/
πͺπΈ #PLDSpace is targeting a production rate of 32 #Miura 5 launchers annually by 2030 https://payloadspace.com/plds-industrial-strategy-targets-32-rockets-a-year-by-2030
πͺπΊ #EuropeanLauncherChallenge : π©πͺ #IsarAerospace, #RocketFactory Augsburg, π«π· #MaiaSpace, π΄σ §σ ’σ ³σ £σ ΄σ Ώ #Orbex, πͺπΈ #PLDSpace https://payloadspace.com/esa-selects-finalists-for-european-launch-challenge
