Deimos Space owner Elecnor reinvested in Orbex having participated in a $39.6m round for the orbital launch vehicle developer two years ago.
Orbex, the UK-headquartered developer of an orbital launch system, received $24m yesterday from investors including Elecnor, the energy and infrastructure group that owns aerospace and satellite technology provider Deimos Space.
BGF and Octopus Ventures co-led the round, which also featured High-Tech Gründerfonds (HTGF) and Heartcore Capital
Founded in 2015, Orbex is working on an environmentally sustainable launch vehicle that uses bio-propane instead of the kerosene-based fuels traditionally utilised in rocket launches. It has signed contracts for six launches, the first…
