European SpaceX rival raises $160 million for reusable capsule to carry astronauts, cargo to space

The Exploration Company (TEC) raised $160 million from investors including Balderton Capital and Plural, as well as French and German government-backed funds, to develop its Nyx capsule for space travel. Nyx is a reusable capsule designed to transport astronauts and cargo to space stations, with CEO Hélène Huby citing a growing market for space travel due to increased demand from nations wanting to send people and cargo to stations. TEC aims to capitalize on this market growth by providing a reliable and efficient transportation solution for space missions.

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