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


The Exploration Company announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations.

The Exploration Company (TEC) announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations. The Exploration Company (TEC) announced on Monday that it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations. The company's core product is Nyx, a reusable capsule that can be launched from rockets into space carrying passengers and cargo.

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