The UK government has committed a $25 million investment to boost satellite launch capabilities, with the goal of establishing Britain as a prominent player in the space sector. The funding, announced by Science, Innovation, and Technology Secretary Peter Kyle at the 17th European Space Conference in Brussels, would support the development of UK-manufactured rockets and attract global investment.
Orbex, the sole UK-owned launch services company, is developing small and medium-sized rockets. Its first launches will take place from the SaxaVord Spaceport in Shetland. The government’s contribution will help Orbex accelerate the development of its Prime rocket, a 19-meter, two-stage vehicle optimised for compact satellite installations. The first launch is anticipated by the end of 2025.
Peter Kyle pointed out that Britain’s experience, world-class facilities, and geography place it at the forefront of the European space competition. He emphasised that this investment will generate high-skilled jobs and encourage future space experts.
Orbex CEO Phillip Chambers welcomed the funding, describing it as a “critical step” for the company’s future. He discussed ideas for a larger rocket to compete in the European Launcher Challenge.
So far, EIFO of Denmark, Octopus Ventures, and private investor Sohaib Abbasi have contributed £23 million to the project.
