Franco-German startup The Exploration Company, which develops reusable space capsules, has raised $450 million in Series C funding. The round was led by a major investor, with participation from existing backers. The company plans to use the funds to accelerate development of its Nyx capsule and expand its team.

This investment marks one of the largest in the European space sector. The company aims to provide affordable cargo and crew transportation to low Earth orbit, competing with established players. With this new capital, The Exploration Company is poised to advance its commercial space ambitions and strengthen its position in the growing space economy.