Rocket maker Orbex has secured £40.4m in its Series C funding round - led by the Scottish National Investment Bank.
The Forres-based company says the funding will allow it to scale up ahead of its first vertical rocket launch from UK soil, and will also help it to unlock more funding for future projects.
Orbex's Prime rocket is a 19-metre long, two-stage rocket designed to transport small satellites weighing up to 180kg into low Earth orbit. It is set to launch from the Space Hub Sutherland spaceport near Tongue and is also set to be the first orbital rocket to be powered by a renewable bio-fuel.
