• New funding secures roadmap to first launch from Sutherland spaceport in Scotland
• Orbex is 1st UK space-sector company to win prestigious Horizon 2020 funding

Forres, UK, 10^th December 2020 – Orbex, the innovative European space launch company, has secured $24 million in a funding round led by BGF, the UK’s most active investment company, and Octopus Ventures, one of the largest VCs in Europe.

VANCOUVER (UrtheCast PR) — UrtheCast is pleased to announce that it has entered into a definitive agreement with Elecnor, S.A. to acquire the Earth Observation business, Deimos. UrtheCast will soon acquire Deimos ownership, operation of the Deimos-1 and Deimos-2 satellites, and the Deimos global archive of Earth imagery.

“This is an incredible acquisition that epitomizes technological and operational synergy,” explained Scott Larson, UrtheCast Co-founder and Chief Executive Officer. “UrtheCast is rapidly accelerating its mission to democratize Earth Observation imagery, and bring a unique dataset and distribution model to customers and users that up until now, haven’t had this type of access.”

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