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Forres rocket firm nears European sale amidst funding shortfall
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Forres rocket firm nears European sale amidst funding shortfall
Forres-based rocket manufacturer Orbex is reportedly on the brink of being acquired by Franco-German aerospace company The Exploration Company, with ongoing negotiations highlighting the critical funding challenges faced by UK space firms. The potential sale follows the UK Government’s decision to withhold a substantial portion of earmarked funding, a move Orbex’s CEO had previously warned could jeopardise the company’s future. Orbex announced l…
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