The Exploration Company raises $450M to challenge SpaceX
Summary
European space startup The Exploration Company has secured $450 million in Series C funding to develop reusable spacecraft.
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The Exploration Company (TEC) has raised $450 million in a new funding round aimed at developing and building reusable spacecraft.
The startup described the investment as the largest-ever Series C round completed by a European space company. The fresh capital will support the company's efforts to advance its technology and compete against industry leaders such as SpaceX.
Source: TechCrunch
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