77 FOMO
UK's best hope for homegrown orbital launch just went bankrupt
Original: Orbex Enters Administration After Exploration Company Acquisition Collapses
AI Executive Summary
Orbex filed for administration on February 11, 2026 after the TEC acquisition fell through — UK government reportedly declined to fund TEC's engine programme. ~240 jobs at risk. Skyrora expressed interest in the Sutherland Spaceport lease. ESA removed Orbex from ELC.