{"id":434334,"date":"2026-02-19T14:56:07","date_gmt":"2026-02-19T14:56:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/434334\/"},"modified":"2026-02-19T14:56:07","modified_gmt":"2026-02-19T14:56:07","slug":"majority-of-staff-at-rocket-firm-orbex-made-redundant","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/434334\/","title":{"rendered":"&#8216;Majority&#8217; of staff at rocket firm Orbex made redundant"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Orbex was founded in February 2015 and was developing a rocket called Prime for use in launching small satellites into low Earth orbit.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It also has staff in Denmark.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">FRP said Orbex had secured \u00a3138.5m in funding to date, including a total of \u00a376.7m in public investment.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Chad Griffin, joint administrator and partner at FRP, said: &#8220;Orbex was at the forefront of the UK&#8217;s ambitions to create a sovereign space launch capability, and has made significant technological progress in recent years. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Our focus now is on supporting employees, and engaging with potential interested parties to preserve value in the business assets and seek to retain space launch operations in Forres given the investments already made.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He added: &#8220;We are already in contact with more than 20 potential suitors and encourage any further approaches from prospective buyers or investors to come forward.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Orbex was founded in February 2015 and was developing a rocket called Prime for use in launching small&hellip;\n","protected":false},"author":2,"featured_media":420323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[90,416,56,54,55],"class_list":["post-434334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-science","tag-space","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/434334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=434334"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/434334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/420323"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=434334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=434334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=434334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}