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“SaxaVord Spaceport’s £60m has given Scottish space more in October alone than in all of 2025, on our record.”

Sources
The lion rampant
Company · Scotland

Orbex

Orbex is a rocket firm with 1 funding round on the record.

In the news

Portuguese group buys rocket firm Orbex’s assets

Daily Business Group · 1 Oct 2026 · also Silicon Scotland, Ground News, Northern Times, The Business Desk, Scottish Financial Review, The Herald

Collapsed Scottish space company gets lifeline after asset sale and jobs saved

Inkl · 1 Oct 2026

Skyrora considers £10m investment in Sutherland spaceport amid Orbex collapse

Engineering and Technology Magazine (IET) · 14 Sep 2026

Company behind rival to SaxaVord Spaceport closes down

The Shetland Times · 2 Jun 2026

Skyrora eyes Orbex assets as UK rocket rival collapses

The Register · 13 Feb 2026

Skyrora has lift-off to launch rockets from Shetland spaceport

The Times · 4 Aug 2025

European Space Agency backs Orbex and Skyrora

Young Company Finance Scotland · 20 May 2021

Funding rounds

Orbex raises £16.7m

19 Apr 2024 · Series C · FutureScot · with Scottish National Investment Bank, Octopus Ventures, BGF, Heartcore, EIFO · the round · Scottish tech funding, April 2024

Timeline

  1. 1 Oct 2026newsPortuguese group buys rocket firm Orbex’s assets
  2. 1 Oct 2026newsCollapsed Scottish space company gets lifeline after asset sale and jobs saved
  3. 14 Sep 2026newsSkyrora considers £10m investment in Sutherland spaceport amid Orbex collapse
  4. 2 Jun 2026newsCompany behind rival to SaxaVord Spaceport closes down
  5. 19 Apr 2024fundingSeries C, £16.7m from Scottish National Investment Bank, Octopus Ventures, BGF

Register facts, funding, grants and the latest news, each linked or sourced. The data file holds the register facts, funding and grants only.

On the record

The collapsed Scottish space company Orbex was given a lifeline through an asset sale that saved jobs.

1 Oct 2026 · Inkl

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Space companies in Scotland · Fastest growing Scottish tech companies · Tech companies in Scotland · Space sector report · Scottish tech funding report

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