Is the UK space industry about to take off?
#space #cnbc #economy
The failure of Virgin Orbit’s maiden commercial satellite launch from British soil, and the company’s subsequent filing for bankruptcy protection, may have seemed like a fatal blow for the U.K’s nascent space sector. But a range of companies hope to play a key role in the business of building, launching and operating satellites, a $281 billion industry which has been growing rapidly over the past decade.
Billionaire-backed companies like Elon Musk’s SpaceX, Jeff Bezos’s Blue Origin and Richard Branson’s Virgin Orbit have been revolutionising the space industry over the last decade, which has seen advances in re-usable rockets, the deployment of thousands of small communication satellites and new launch sites opened.
To find out how smaller U.K.-based firms are looking to compete, CNBC visited a spaceport being built in the far north of the Shetland Islands, an established satellite-builder and a start-up aiming to see one of its re-usable satellites finally make it into space.
-
9:38
JoBlo Originals
21 hours agoDeadpool was just a good X-Men Movie...
7443 -
8:17
LenaPetrova
1 day ago🚨DESTRUCTION OF U.S. MIDDLE CLASS: Home Affordability in the US Sinks to Lowest Point Since 2007
1.59K16 -
33:10
Degenerate Plays
1 day ago $0.04 earnedThe Censorship Problem - Stellar Blade : Part 5
145 -
15:17
Scammer Payback
2 days agoScammer's Reaction after being Hacked
8.38K36 -
2:34:47
GoodLawgic
9 hours agoThe Following Program: Legal Eagle CRY-SPLAINS Immunity; Best Trump Story You NEVER HEARD
33.1K16 -
2:03
Nerdrotic
14 hours agoA Special Announcement - Nerdrotic Returns to Rumble
26.9K93 -
1:37:39
Roseanne Barr
12 hours agoWhat’s beyond Antarctica? with Flat Earth Dave | The Roseanne Barr Podcast #55
97.2K464 -
2:05:47
Break The Cycle w/ Joshua Smith
14 hours agoBreak The Cycle Ep: 244 Friends of July super special- 248 years of pwning the British
51.7K5 -
59:05
The StoneZONE with Roger Stone
15 hours agoMSNBC Attacks Roger Stone For Calling For Free, Fair, Honest Election in Illegal Video-The StoneZONE
48.2K20 -
10:49:33
The Podcast of the Lotus Eaters
2 days agoThe Podcast of the Lotus Eaters | Election Night Special
300K219