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Orbex has paused construction of its Sutherland Spaceport in Scotland, opting instead to launch its Prime vehicle from the SaxaVord Spaceport in the Shetland Islands. This strategic shift allows the company to focus on developing its launch vehicles, including a new medium-class rocket, Proxima, while retaining the option to return to Sutherland if demand increases. The move strengthens SaxaVord's position as a leading UK launch site, with Orbex planning to assess the necessary infrastructure for its operations there.
Tamarack Global has closed a $72 million fund and is actively seeking space investment opportunities, having already allocated a third of the fund, including support for Impulse Space's $150 million Series B round. Co-founder Jamie Lee expressed a strong interest in early-stage companies, emphasizing a focus on concentrated investments due to the industry's high failure rate. The firm, based in Connecticut with a network in California, aims to invest in aerospace, robotics, data intelligence, and energy transition sectors.
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