UK launcher Orbex files for administration after failed funding efforts

MILAN - United Kingdom-based launch company Orbex announced that its business is folding after multiple attempts to stay solvent fell through. The company announced Feb. 11 that it has filed a notice of intention to appoint administrators - a process in the U.K. thats similar to declaring bankruptcy - after fundraising, merger and acquisition efforts [] The post UK launcher Orbex files for administration after failed funding efforts appeared first on SpaceNews.