Orbex receives €7.45m funding Boost! from ESA

Scottish aerospace company Orbex has been awarded €7.45m through Boost!, the European Space Agency’s Commercial Space Transportation Services and Support  programme, which supports commercially sustainable space transportation services in Europe.

The Boost! contract follows an evaluation process to assess Orbex’s commercial strategy, financial stability and technical progress. This is the largest award made to date by the programme and Orbex will supplement the funding with €4.7m in matching private investment.

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The funds from the award will go towards the completion of spaceflight systems in preparation for the first launches of Prime, Orbex’s 19m ‘microlauncher’ rocket.

“There is excitement and momentum in European spaceflight and privately led initiatives, like the one from Orbex, are going to be a critical component of the long-term success of the European space industry,” said Thilo Kranz, Commercial Space Transportation Programme Manager at the European Space Agency.