Company Directory - SaxaVord Spaceport
Company Details - SaxaVord Spaceport
SaxaVord Spaceport
WebsiteUnited Kingdom
SaxaVord Spaceport is a British spaceport positioned to launch commercial orbital vehicles. As a pioneering facility, it aims to facilitate space exploration and the commercialization of space by providing a launch site for various aerospace ventures.
CCI Score
CCI Score: SaxaVord Spaceport
-11.00
Latest Event
SaxaVord Spaceport: Government Support and Environmental Negligence
The article examines the SaxaVord Spaceport project, highlighting its significant backing by UK government agencies and its reliance on propane fuel. Critics warn that the environmental risks—from harmful emissions to debris impacting local ecosystems—are being downplayed in favor of economic and technological promises.
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ENABLER
SaxaVord Spaceport is currently rated as an Enabler.
Latest Events
- MAR132025
The article examines the SaxaVord Spaceport project, highlighting its significant backing by UK government agencies and its reliance on propane fuel. Critics warn that the environmental risks—from harmful emissions to debris impacting local ecosystems—are being downplayed in favor of economic and technological promises.
-10
Public and Political Behavior
April 1
The project benefits from notable support by UK government bodies such as the UK Space Agency and Ministry of Defence. This close political relationship, without adequate accountability for environmental safety, reflects a pattern of public and political behavior that prioritizes state and corporate interests over community welfare.
-20
Business Practices and Ethical Responsibility
April 1
The reliance on propane fuel, touted as a 'green' alternative despite evidence of harmful emissions, and the absence of clear mitigation plans demonstrate poor business practices and a disregard for ethical responsibility towards the environment and local communities.
-15
Technology and Services Impact
April 1
The use of propane as a rocket fuel, while marketed as environmentally friendly, produces hazardous combustion byproducts such as nitrogen oxides that contribute to ecological degradation. This technological choice reflects inadequate consideration of environmental sustainability.
-10
Economic and Structural Influence
April 1
The project, while promising economic development and job creation, overlooks potential adverse impacts on local and transnational economies, including risks posed to regions such as Iceland via launch debris and environmental contamination.
- FEB272025
The article highlights significant concerns regarding SaxaVord Spaceport’s upcoming launch activities, citing potential environmental risks such as rocket debris impacting marine life and local economies, as well as allegations of misleading and mishandled financial records that may damage the company’s reputation.
-70
Business Practices and Ethical Responsibility
April 1
The article raises red flags about the company's business practices, including allegations of misleading financial records and a lack of transparency regarding environmental risk management. Such practices are indicative of unethical behavior that could have broader societal implications.
SaxaVord Spaceport: Who Pays Price For UK’s Space Ambitions?
-60
Economic and Structural Influence
April 1
The article details significant economic and structural risks, including potential fallout from environmental contamination and debris affecting neighboring nations and industries, particularly the fishing-dependent economy of Iceland. These risks underscore a neglect of broader public and economic responsibilities.
SaxaVord Spaceport: Who Pays Price For UK’s Space Ambitions?
- MAR062024
The UK Government announced a £10 million investment into SaxaVord Spaceport during Chancellor Jeremy Hunt's budget statement, marking a significant vote of confidence in the company and the UK’s emerging space industry. This infusion of public funds is expected to accelerate the spaceport's capital works programme and support its planned first orbital launch later this year.
+70
Executive Political Engagement
April 1
UK Chancellor Jeremy Hunt’s public endorsement during his budget statement is a strong indicator of executive political engagement. This government backing signals confidence in innovative space ventures and aligns with progressive public investment policies, enhancing the public and political support of SaxaVord Spaceport.
+50
Economic Collaboration
April 1
The £10 million government investment represents robust economic collaboration, providing critical capital that complements approximately £40 million of private investment. This infusion is expected to accelerate capital works and drive economic growth, reinforcing state confidence in the company and supporting job creation and technological advancement in the UK space sector.
- JAN092024
During a UK Parliament committee session, SaxaVord Spaceport's deputy chief executive, Scott Hammond, warned that the unclear leadership from the UK and Scottish governments is slowing down progress in the Scottish space sector. He argued that a designated senior political leader is needed to streamline decision-making and empower civil servants, ensuring that space regulation becomes effective rather than mere paperwork.
+40
Executive Political Engagement
April 1
The testimony by SaxaVord's deputy chief executive highlights a proactive approach to demanding political accountability and clearer leadership in the space sector. By calling for a dedicated senior political figure, SaxaVord is engaging in constructive political behavior that reinforces accountable governance, aligning with progressive anti-authoritarian values.
- DEC172023
SaxaVord Spaceport encountered significant funding issues that led to non-payment of its main contractor and subcontractors, causing delays in construction. Despite obtaining a spaceport licence from the UK Civil Aviation Authority, CEO Frank Strang admitted on December 17, 2023 that funding problems had halted work, revealing troubling business practices and a disregard for the welfare of contracted workers.
-40
Labor Relations and Human Rights Practices
April 1
The company's failure to pay its contractors, leading to abandonment of the site, points to a neglect of labor rights and ethical business practices. This misconduct not only undermines worker welfare but also reflects deeper financial mismanagement, warranting a negative score under Labor Relations and Human Rights Practices.
- NOV162023Failure to Pay Contractors
-43.37
Reports indicate that SaxaVord Spaceport owes its primary contractor approximately one million pounds due to a failed debt facility. This financial shortfall has raised concerns about the company's management of its contractor payments and overall ethical business practices.
-50
Supply Chain Ethics
April 1
The company’s inability to pay its contractor, coupled with the failure to secure the promised £139 million debt facility, indicates financial mismanagement that undermines fair compensation practices and raises ethical concerns in its supply chain. This behavior is detrimental to smaller contractors and reflects poorly on its business ethics.
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- Other Support Activities for Air Transportation
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- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)