November 2024’s top 10 European tech deals you need to know about
The Exploration Company (Germany)
The Exploration Company (TEC) designs, manufactures, and operates spacecraft for space station logistics and exploration.
Focused on reusable and refillable spacecraft, TEC aims to make space exploration more affordable, modular, and sustainable.
The company is developing Nyx, a reusable, in-orbit refuelable spacecraft capable of flying to any space station and returning to Earth with up to 3,000 kg of cargo—the largest down-mass available worldwide. Nyx will offer services at 25-50% lower costs than other vehicles and be refurbished for subsequent missions.
TEC plans to launch its mid-size capsule, Mission Possible, in 2025, carrying 300 kg of payload, with Nyx set for its maiden flight in 2028, delivering cargo to the International Space Station for ESA.
The company secured $160 million in Series B funding, increasing its total funding to nearly $230 million.
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