Reaching for the stars: Start-up TEC secures almost half a billion for giant rocket
A five-year-old company wants to build a giant rocket with a payload of up to 60 tons. Risk investors like the plan.
The Exploration Company, a German-French space startup founded in 2021, has secured $450 million in funding to develop a giant rocket and astronaut capsule. The company aims to have the rocket, capable of carrying up to 60 tonnes, ready by 2033. The reusable capsule, named Nyx, is set to dock at the International Space Station on November 28 without astronauts on board. TEC has so far secured $680 million in funding, and its CEO Hélène Huby is also the French President's special envoy for the Paris Space Summit.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
