Exploration Company Raises $160M
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Exploration CompanyCNBC
•European SpaceX rival raises $160 million for reusable capsule to carry astronauts, cargo to space
74% Informative
The Exploration Company ( TEC ) announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations.
The company's core product is Nyx , a reusable capsule that can be launched from rockets into space carrying passengers and cargo.
TEC is currently developing the second version of Nyx which it expects to launch next year , followed by a final version in 2028 .
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