GoKawiilThe Exploration Company raises $450M to build European reusable rockets
European space startup The Exploration Company has secured $450 million in a Series C round, which it calls the largest ever raised by a European space company. The Germany-based firm, led by former Airbus and ArianeGroup executive Hélène Huby, plans to use the funds to develop a reusable heavy-lift launcher aimed at rivaling SpaceX. The company says it already has 10 missions booked and over $2 billion in contracts, including commitments from the European Space Agency and NASA.