MOUNTAIN VIEW, Calif. — British small-launcher startup Orbex is preparing to enter the UK version of Chapter 11 bankruptcy “after fundraising, merger and acquisition opportunities all concluded unsuccessfully,” the company announced Feb. 11.
The announcement came after a meeting of the European Space Agency (ESA) Space Transportation Services Program Board, which met Feb. 9-10 and was expected to resolve whether the British government, Orbex and The Exploration Co. (TEC) of France and Germany could come to an agreement about a partnership.
Orbex . . .
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