The Exploration Company Seeks at Least $300 Million, Valuation Over $2 Billion, to Develop Reusable Capsule
The Exploration Company, a European space startup, is in talks to raise at least $300 million in funding, partly from the European Union's European Acceleration Fund. The deal would value the company at over $2 billion. The funds will be used to develop Europe's first reusable cargo capsule for the International Space Station and future products. The European Acceleration Fund is managed by Swedish investment group EQT AB.
The Exploration Company is in talks to raise at least $300 million in funding, with part of the capital coming from the European Union's European Acceleration Fund. If completed, the fundraising would value the company at more than $2 billion. The company is a potential European competitor to SpaceX. Sources said the funding will be used to support the development of the first reusable European capsule, which can be used to deliver cargo to the International Space Station, as well as planned follow-on products. The European Acceleration Fund is managed by Swedish investment group EQT AB.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Aerospace Manufacturing, with intensity 50/100 and 60% confidence over a medium term horizon.
Aerospace Manufacturing
- Direction
- positive
- Intensity
- 50
- Confidence
- 60%
- Horizon
- Medium term
Defence Equipment
- Direction
- positive
- Intensity
- 30
- Confidence
- 50%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.