Series C Funding Round Nets Nearly $21 Million for Orbex

Group of Six Backers Invest in the Company

A group of six backers has raised £16.7 million (≈ $21 million) in an update to the Orbex Series C funding round. With pre-launch testing underway, the funding will help the company ramp up the development of Prime, its 19-meter (≈ 62 foot) long, two-stage rocket designed to transport small satellites into Low Earth Orbit. The aim is to ensure full read…