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Event Brief

Rocket Report: Orbex Faces Insolvency Amid Competition

UK-based Orbex enters insolvency as it struggles to compete with SpaceX and secure funding.
WHO: Orbex
WHAT: Entered insolvency proceedings
WHEN: Feb 13, 2026 at 7:00 AM ET
WHERE: Location not specified
WHY: Failed to secure funding and compete with SpaceX
Sources (1): Ars Technica

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