Only two companies currently provide cargo delivery to and from the International Space Station, and both are based in the United States. The Exploration Company, which operates out of Germany, France, and Italy, is looking to change that: It just closed a large funding round to further its mission of building Europe’s first reusable space capsule.
The $160 million Series B round will fund the continued development of the Nyx spacecraft, which will be capable of carrying 3,000 kilograms of cargo to and from Earth. The company, which was founded three years ago by aerospace engineers Hélène Huby, Sebastien Reichstat, and Pierre Vine, is aiming to conduct Nyx’s maiden flight to and from the ISS in 2028.
“We are the first company in the world where this is for the first time mainly funded by private investors,” Huby said in a recent interview. This is in contrast to SpaceX’s Dragon capsule, which she said was “mainly funded by NASA.”
The new funding, which was led by Balderton Capital and Plural, brings the startup’s total funding to date to over $208 million. The Series B also included participation from Bessemer Venture Partners, NGP Capital, and two sovereign European funds, French Tech Souveraineté and DeepTech & Climate Fonds.
“We’ve been able to deliver on promises in the past three years,” Huby said. “We’ve been able to meet our cash target ever quarter … The investors, they could see that we basically can deliver on time, on cost, on quality.”
The startup has made traction with the European Space Agency (ESA), which has recognized the need to foster native space launch and transportation capabilities. The Exploration Company was awarded a study contract worth around €25 millio …