GLASGOW-based Skyrora has said it is ‘ready to protect UK space capabilities’ after expressing an interest in acquiring the assets of Orbex.
The news comes following Moray-based Orbex announcing yesterday that it is in the process of appointing administrators.
Following a board meeting, Skyrora confirmed that it intends to explore the purchase of select assets from the rocket manufacturer – including its Sutherland Spaceport.
Skyrora is exploring an asset acquisition which would see the established operator invest up to £10 million, subject to discussions with the appointed administrators and completion of the necessary due diligence and legal processes.
The firm said that it 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, it added.
