The Exploration Company (TEC), a European space venture, has secured $450 million in Series C funding to develop reusable spacecraft. The company describes this as the largest-ever Series C round by a European space company.
Source: TechCrunch
The Exploration Company has announced a $450 million Series C funding round to advance its work on reusable spacecraft technology. According to the company, this is the largest Series C investment ever made in a European space company.
The funding positions TEC to compete in the commercial space sector, an area where established players like SpaceX already dominate. Reusable spacecraft technology is seen as key to reducing launch costs and increasing frequency of space operations.
This report was prepared using information from TechCrunch. View original listing →
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