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| Name | Is the UK space industry about to take off? |
| Video Uploader | Video From CNBC International |
| Upload Date | This Video Uploaded At 13-11-2023 14:00:07 |
| Video Discription | 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. #cnbc #space #economy ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci |
| Category | News & Politics |
| Tags | CNBC | CNBC Explains | CNBC International | elon musk | elon musk spacex | blue origin | spacex satellites | saxavord spaceport | spaceport uk | virgin orbit | space forge | billionaires space | uk space industry | uk satellites | space race | space race 2.0 | surrey satellite technology | richard branson space | starlink satellite | starlink elon musk | first uk satellite | first uk launch | space satellites in orbit | economics of space | satellite industry | how many satellites | sstl |
