Ukrainian entrepreneur Max Polyakov invested in Scotland-based rocket company Skyrora, marking a significant development for Britain’s space ambitions. The investment connects an experienced space industry leader with a company at the forefront of sustainable rocket technology.
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Strategic Partnership for UK Space Independence
Max Polyakov, founder of Noosphere Ventures and the entrepreneur behind Firefly Aerospace’s transformation, has become the majority shareholder of Skyrora. This partnership aims to establish the UK’s sovereign launch capabilities and position Britain as a leading space nation.
Skyrora recently became the first British rocket manufacturer to receive a launch license from the Civil Aviation Authority, allowing it to launch from UK territory. The company operates from Glasgow and maintains facilities across Europe, developing rockets that provide flexible access to orbit for the growing small satellite industry.
Innovation and Sustainability Focus
Skyrora distinguishes itself through innovative technologies including advanced 3D printing methods for manufacturing rocket engine components and Ecosene, an environmentally friendly rocket fuel made from recycled plastic. These developments align with Max Polyakov‘s philosophy that space technologies should address global challenges like climate change and resource management.
The company has attracted approximately £58 million in private funding to date, reflecting strong confidence in its technology and mission. With this new investment, Skyrora plans to continue scaling its operations and advancing its commercial launch program.
Building a Transnational Space Network
Polyakov brings substantial experience from his work with multiple space companies, including EOS Data Analytics, Dragonfly Aerospace, and SETS. His approach combines patient capital, technical expertise, and a focus on sustainability.
Through Noosphere Ventures, Polyakov has built a vertically integrated ecosystem spanning satellite production, launch vehicles, and Earth observation data analytics. His investment in Skyrora represents a continuation of this strategy, creating connections between Ukraine, the UK, and the United States in the space sector.
The funding will support Skyrora’s continued research, design, and testing as the company works toward becoming the UK’s leading launch services provider. Industry observers note that this partnership brings not only capital but also strategic expertise in navigating the complex journey from prototype to commercial operations.
Future Prospects
With Polyakov’s backing and Skyrora’s innovative approach, the partnership is positioned to advance both British space capabilities and sustainable launch technologies. The collaboration supports the UK’s National Space Strategy goals of establishing Britain as a global hub for satellite launches, research, and data services.
