SpaceX competitor The Exploration Company nears deal to raise €150m in fresh funding

Spacetech has been a hot topic for investors of late, and one of the buzziest such companies in Europe, Munich and Bordeaux-based The Exploration Company (TEC), is nearing a deal to raise €150m in fresh funding, according to a source with direct knowledge of the fundraise. The new raise would put the company’s post-money valuation at around €450m, they said. Sifted understands the final details of the raise are being ironed out and the amounts could change; London-based Balderton Capital is one of the new investors involved in the round, Sifted understands.

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SpaceX competitor The Exploration Company nears deal to raise €150m in fresh funding

The Munich and Bordeaux-based startup is building a reusable space capsule

Deeptech & AI

SpaceX competitor The Exploration Company nears deal to raise €150m in fresh fundingself.__wrap_b(":R1actq6:",0.7)

The Munich and Bordeaux-based startup is building a reusable space capsuleself.__wrap_b(":R1qctq6:",1)

Deeptech & AI

SpaceX competitor The Exploration Company nears deal to raise €150m in fresh funding

The Munich and Bordeaux-based startup is building a reusable space capsule