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UK government to invest in Shetlands spaceport
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.
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