The Exploration Company raises $450m Series C for reusable spacecraft

Franco-German startup The Exploration Company has closed a $450 million Series C, the largest round ever by a European space company. The funds will support its Nyx reusable capsule, which will dock with the ISS, and the Storm high-thrust engine.

• $450m Series C is the largest round for a European space company
• Round co-led by Bessemer Venture Partners, Atomico and Scaleup Europe Fund
• Nyx capsule will dock with the ISS in its first orbital demo
• Storm engine runs on liquid oxygen and biomethane