Tag: United Kingdom
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BioOrbit Raises £9.8 Million Seed Funding to Advance Space-Based Drug Manufacturing
London-based BioOrbit said it has raised £9.8 million ($11.4 million) in a seed funding round to accelerate its space-based pharmaceutical manufacturing technology and expand operations into the United States. The round was co-led by LocalGlobe and BREEGA, with participation from Auxxo, Seedcamp, Type One Ventures, 7percent Ventures, and undisclosed angel investors. Founded in 2023, BioOrbit…
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Spaceflux Raises £3.5 Million to Extend Seed Round and Expand Globally
UK-based Spaceflux has raised an additional £3.5 million in funding, extending its seed round to a total of £9 million (approximately €10.4 million), as the company seeks to expand its presence in global markets. The funding extension was led by existing investor Blackfinch Ventures, with participation from current backers and a new investment from SPARX…
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SSTL to Develop Spacecraft Platform for Privately Funded Lazuli Space Telescope
Surrey Satellite Technology Ltd (SSTL) has been selected as a key industrial collaborator for the Lazuli Space Observatory, part of the Eric and Wendy Schmidt Observatory System, a privately financed project aimed at developing one of the most ambitious space telescopes ever undertaken outside government programs. SSTL will develop the spacecraft platform that will carry…
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UK Announces £500 Million Space Investment Package With £20 Million for Scottish Spaceports
The United Kingdom has unveiled a £500 million spending package aimed at supporting the country’s space sector, including £20 million allocated to accelerate the development of spaceport infrastructure in Scotland. The funding plan was announced on March 4 during the Space-Comm Expo 2026 by Liz Lloyd, the UK’s Minister for the Digital Economy. The broader…
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Seraphim Space Investment Trust Reports 20% NAV Growth as Space Startups Gain Government Contracts
Seraphim Space Investment Trust reported strong financial results for the second half of 2025, with its portfolio benefiting from increased government investment in space technologies and growing demand for commercial space infrastructure. The company said its net asset value rose 20% during the period to £337.5 million (€388.3 million). The fair value of its portfolio…
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Rocket Factory Augsburg Delivers RFA ONE Stages to SaxaVord Ahead of Planned Test Flight
Rocket Factory Augsburg (RFA) has delivered the first and second stages of its RFA ONE launch vehicle to SaxaVord Spaceport in Scotland as the company prepares for a planned test flight later this year. The German launch provider said the first stage was recently built and tested at its facilities in Augsburg, Germany, before being…
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Infinite Orbits Acquires UK-Based Lúnasa Space to Expand In-Orbit Servicing Capabilities
French space services company Infinite Orbits has acquired UK-based Lúnasa Space, marking the company’s expansion into the United Kingdom and adding capabilities in rendezvous, proximity operations and docking technologies. The acquisition is intended to support the development of Infinite Orbits’ satellite life-extension servicer known as Endurance, which is designed to extend the operational life of…
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Skyrora Eyes Orbex Assets Including Scottish Spaceport After Rival’s Financial Troubles
British rocket developer Skyrora said on Thursday it is considering acquiring selected assets from rival Orbex, including a planned spaceport in northern Scotland, after the smaller launch company disclosed financial difficulties. Skyrora, headquartered in Glasgow, said it intends to explore purchasing parts of Orbex’s business, notably the Sutherland Spaceport project on Scotland’s north coast, in…
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Hypersonica Raises €23.3 Million and Tests Hypersonic Missile Prototype
Munich-based defence startup Hypersonica has emerged from stealth mode with a €23.3 million Series A funding round and confirmation that it successfully test-launched a hypersonic missile prototype earlier this month. Founded in December 2023, the company says it is developing Europe’s first privately funded hypersonic strike capability, with operations across Germany and the United Kingdom.…
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UK Space Agency Awards Contracts to Advance In-Orbit Manufacturing
The UK Space Agency (UKSA) has awarded contracts worth more than $1.1 million to three British companies to develop technologies for manufacturing products in microgravity, the agency said. The funding aims to accelerate research into producing advanced materials and medicines in space, where conditions such as microgravity and vacuum can yield higher-quality results than on…