Scottish spaceport company placed into liquidation

▤ Summary

Orbex’s Scottish subsidiary tied to Sutherland Spaceport has entered liquidation as administrators move forward with asset sales. The company failed to secure fresh investment after its earlier collapse, which led to 163 job losses. FRP Advisory says it has identified preferred bidders and is advancing transactions for Orbex’s main assets, including spaceport-related assets. The process involves creditors, government stakeholders, and more than 20 interested parties, including other rocket developers.

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