Orbex, a UK-based private, low-cost orbital launch services company, recently reported that it has secured $24 million in a funding round led by BGF (London) and Octopus Ventures (London). At the beginning of 2020, Orbex developed what it calls an "advanced, low carbon, high performance micro-launch" rocket called "Orbex Prime".
The new investments secure the roadmap to the first launch of Orbex’s vertical launch vehicle, Orbex Prime, from the Space Hub Sutherland spaceport in Scotland. Incorporating a wide range of advanced materials for its development, the launch vehicle boasts a 3D-printed rocket engine manufactured in a single piece without joins in partnership with additive manufacturer SLM Solutions (Lübeck, Germany). The vehicle is also built out of graphene-enhanced carbon fiber composites for the main structures and tanks.