In a statement to European Spaceflight, a spokesperson for The Exploration Company suggested that the failure of its acquisition of launch services startup Orbex was linked to the UK government’s decision not to approve the transaction.
On 21 January, The Exploration Company announced that it had signed a letter of intent to purchase Orbex, a transaction that became essential to the survival of the UK-based launch services startup after its Series D funding round failed to materialise at the scale it had hoped. In a statement on the transaction, The Exploration Company’s CEO Hélène Huby said the two companies were working “closely with the UK government to ensure that our combined business reinforces…