Posted: Sun, Mar 10, 2024, 9:17 AM ET (1317 GMT)
The UK government is proposing to invest 10 million pounds ($13 million) into SaxaVord Spaceport. The funding was announced Wednesday in a budget speech by Chancellor of the Exchequer Jeremy Hunt. The spaceport, under development in the Shetland Islands, will use the funding to accelerate work on infrastructure. The spaceport received a license from the UK Civil Aviation Authority in December and expects to host a first launch later this year.

Related Links:

•  Shetland News article
•  Bloomberg News article
•  Scottish Business article