ForresPortugal’s Omnidea bought Orbex’s rocket designs and brand.

Orbex collapsed in February, and its Prime launcher now passes to a Portuguese owner.

Omnidea is simplifying Prime into PrimeNEO for easier manufacture, and is dropping Orbex’s medium-lift Proxima rocket.

Omnidea says it is too early for a launch date or a choice between Scotland and the Azores.

The space agencies that backed Orbex’s Prime bid are in talks over whether earmarked funding transfers.

How each outlet framed it
European Spaceflight
emphasizes design simplification and manufacturability improvements in evolved PrimeNEO, notes strategic value determination follows capability development

Sources: European Spaceflight