UK Launcher Orbex files for administration after failed funding efforts

MILAN — United Kingdom-based launch company Orbex announced that its business is folding after multiple attempts to stay solvent fell through.  The company announced Feb. 11 that it has filed a notice of intention to appoint administrators — a process in the U.K. that’s similar to declaring bankruptcy — after fundraising, merger and acquisition efforts […] The post UK Launcher Orbex files for administration after failed funding efforts appeared first on SpaceNews.

Source: https://spacenews.com/uk-launcher-orbex-files-for-administration-after-failed-funding-efforts/