UPDATE April 25: The SaxaVord Spaceport said its debt funding, which had been promised and contracted, failed to materialize when the issuer ran into liquidity issues. The company said that when it testified to the UK Parliament, it had every reason to believe that the signed agreemenet would result in the promised funding.
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 . . .
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