Skyrora is ready to protect UK space capabilities

Skyrora is ready to protect UK space capabilities by expressing interest in acquiring Orbex assets.

After the board meeting, Skyrora confirms it intends to explore the purchase of select Orbex assets, including the Sutherland Spaceport, following yesterday’s announcement that the company has appointed administrators.

Skyrora is exploring an asset acquisition which would see the established operator invest up to £10m, subject to discussions with the appointed administrators and completion of the necessary due diligence and legal processes.

Skyrora believes that securing select assets is vital to preserving UK space capability, protecting national critical infrastructure, and ensuring that technology and IP developed in the UK remains under UK ownership.

This safeguards the product of the taxpayer funds historically injected into Orbex.

Disclaimer: This announcement is a preliminary expression of interest only. It is not an offer and does not create any legal or binding obligations. Any potential transaction would depend on further discussions, due diligence, and the negotiation and execution of definitive agreements. No person or party should seek to rely on this announcement as a commitment to proceed.

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