The UK government has acquired a stake exceeding 25% in SaxaVord Spaceport. This follows a £60 million public-private investment deal finalized in late October, which included a £30 million contribution from the state and a matching amount from Wild Ventures.
Filings from November 6 indicate that the Department for Science, Innovation and Technology now holds between 25% and 50% of Shetland Space Centre Limited. Wild Ventures, owned by Anders Holch Povlsen, maintains a similar stake in the operator of the spaceport.
The capital injection is earmarked for infrastructure development at the site. Planned projects include the completion of three launchpads, mission control facilities, and a second integration hangar to support future operations.
Corporate records show that Shetland Space Centre Limited issued approximately 264.7 million new shares on October 27, bringing the total issued capital to roughly 438.4 million shares. These were issued at prices ranging from £0.21 to £0.30 per share.
Governance changes accompanied the funding round. Deborah Strang, a co-founder and deputy chief executive, stepped down from the company's board on October 27, though she continues to serve as the deputy chief executive.
