SaxaVord Spaceport secures $173 million in debt financing, says UK launch support should focus on commercial viability

by Peter B. de Selding

PARIS — Scotland’s startup SaxaVord Spaceport, which prides itself on being commercially oriented, has secured a $173-million debt package to complete site development and prepare for orbital missions from three launch pads being developed.

The funding of 139 million British pounds ($173 million), adds to about 28 million pounds raised from private sources since March 2022 and an estimated 13 million pounds of launch infrastructure investment by Rocket Factory Augsburg (RFA) of Germany.

RFA is one of several startup launch providers that plan to . . .

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