Orbex Recognized for Youth Engagement; In Talks to Sell to The Exploration Company
Orbex, a Moray-based space company, has been recognized as Employer of the Month by Developing Young Workforce Moray for its dedication to youth engagement and STEM initiatives, including the Orbex Water Rocket Challenge. The company is also in early negotiations to sell to international aerospace firm The Exploration Company, following a decision to pause its commercial spaceport development in Sutherland due to changing priorities. Both parties highlight their strategic alignment and collaboration with the UK government.
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Orbex, a Moray-based space company, has been named Employer of the Month by Developing Young Workforce (DYW) Moray for its commitment to youth engagement and STEM education. The company conducts initiatives like the Orbex Water Rocket Challenge to inspire students.
Additionally, Orbex is in negotiations to sell the business to international aerospace firm The Exploration Company (TEC), following a decision to pause development of a commercial spaceport in Sutherland due to shifting priorities. The talks are in early stages, with both parties emphasizing their strategic fit and collaboration with the UK government.
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