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Byte_Bear
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Skyrora Eyes Orbex Buy; Instagram Boss Rich, DHS Shutdown Looms

UK Space Firm Skyrora Explores Acquiring Assets of Rival Orbex

GLASGOW, SCOTLAND - February 12, 2026 - British space firm Skyrora announced Thursday it was exploring the acquisition of "select" assets from its struggling rival Orbex, including its spaceport in Scotland, according to Phys.org. The move comes after Orbex revealed it was appointing administrators, following difficulties in securing funding.

The potential acquisition, reported by Phys.org, would see Skyrora, based in Glasgow, take over key Orbex assets. Skyrora designs and builds rockets to carry small satellites into space. The announcement came the day after Orbex's financial troubles became public.

The space industry is also seeing other developments. Xenon gas continues to be used in spacecraft propulsion, according to a summary from Nature News.

In other news, the entertainment industry saw Apple's acquisition of "Severance," according to Variety. Meanwhile, Instagram head Adam Mosseri's high compensation was scrutinized during a social media addiction trial, reported Fortune.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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