Germany’s The Exploration Company reportedly eyes $2bn valuation

Installing Nyx Bikini on Ariane 6 at the encapsulation hall in Europe's Spaceport, 2024. Image: ESA/ArianeGroup/Arianespace/CNES

The Bavarian space-tech is reportedly aiming to raise at least $300m.

As Europe ramps up efforts to compete with US heavyweights in the space sector, Germany’s The Exploration Company (TEC) is reportedly eyeing a major raise that could value the start-up at more than $2bn.

Founded in 2021 by Hélène Huby and a team of aerospace veterans, TEC is building a full-stack space transportation system.

Nyx, the company’s reusable space capsule designed to dock with any space station is expected to go on its first flight demonstration in 2028. The company is also developing a high-thrust staged combustion rocket engine called Storm.