“Unless acting as an employee or agent of another organization,...

“Unless acting as an employee or agent of another organization, you need to apply for the license at least six months in advance…”

https://www.gov.uk/guidance/apply-for-a-license-under-the-outer-space-act-1986

And Government entities aren’t exactly renowned for their quick turnaround time on applications. But regardless, the important thing is that it’s been granted and well before the currently scheduled launch date.

However, aside from the license, the second page of the announcement is perhaps the most significant part of the update, IMO.

Four separate conferences all within a very short period of time and just prior to launch is more than likely to bring about some substantial buying. And if past conferences are anything to go by, it’s probable to bring about another signed agreement or two.

And the market appears to have reacted pretty well to the update, as this is the first day that we have closed above 20c since May 5^th.