Business News 100
January 31, 2025 at 06:26 AM
The UK government has entered the space race by investing £20 million in Orbex, a startup competing with SpaceX.
Orbex promotes sustainable spaceflight with its bio-propane-powered Prime rocket, set for launch by 2025.
The UK is now the second-largest destination for private space investments, capturing 17% of the $47 billion space funding since 2015.
With expertise in small satellites and space services, the UK aims to expand its role in the global space industry.
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