Orbex’s Latest Funding Could Propel Prime Microlauncher to Space
Founded in 2015, Orbex is one of a handful of firms racing to develop the next generation of European launch vehicles.
The company is developing what’s sometimes called a microlauncher: a two-stage vehicle called Prime that stands just 19 meters tall, designed to carry payloads up to 180 kilograms.
A larger vehicle could eventually be in the plans as well, though Chambers was clear that Prime was the company’s first priority.
The new capital comes after Orbex closed a £40.4 million ($50 million) Series C in October 2022.
While a spokesperson confirmed the new funding will “help Orbex ramp up the development of Prime … to ensure full readiness and scalability for its launch period,” a firm launch window has yet to be announced.
