The Exploration Company logo
Hardware/Robotics
Industrial/Manufacturing
Space/Defense

The Exploration Company

Reusable spacecraft and rocket propulsion systems

CORE INFO

$680M
Total Funding
Series C
Round
2021
Founded
550+
Team Size
Gauting, Germany
Headquarters

The Exploration Company builds reusable Nyx cargo capsules that carry supplies to commercial and government space stations, return cargo to Earth, and can be refurbished for future missions. Its customers include space agencies, station operators, research organizations, and other government customers.

  • Series C: $450 million announced on September 8, 2026, co-led by Bessemer Venture Partners, Atomico, and the Scaleup Europe Fund managed by EQT.techcrunch.com
  • Booked missions: 10 Nyx missions, representing more than $2 billion in contracts and commitments, according to Atomico.techcrunch.com
  • TechCrunch reported that the latest financing will support development of the Nyx spacecraft and Storm rocket-engine program.techcrunch.com

WHY WE WOULD WORK AT THE EXPLORATION COMPANY

Build Europe's Space Future

Help develop reusable spacecraft and propulsion systems that strengthen European space transportation and enable more open, sustainable access to orbit.

Own End-to-End Technology

Work across Nyx's avionics, flight software, guidance and navigation, thermal protection, docking, propulsion, and recovery systems—not just one narrow component.

Make Reuse Real

Engineer Nyx to deliver cargo to commercial and government space stations, return up to 3,000 kilograms to Earth, and fly again after refurbishment.

Move With Purpose

Join a company that emphasizes speed and execution, turning concepts into demonstrators and flight-relevant tests while targeting Nyx's first full-scale orbital demonstration in 2028.

Work Across Borders

Collaborate with 550+ colleagues across Europe, the United States, and the UAE on missions involving ESA, NASA, Starlab, Vast, and other international partners.

Join a Rising Leader

Build at a rapidly scaling aerospace company backed by $680 million in funding, with 10 Nyx missions booked and more than $2 billion in contracts and commitments reported.

MARKET AND TRACTION

MARKET POSITION

  • The Exploration Company is positioning itself as a European space-transportation infrastructure company serving commercial space stations, government agencies, research organizations, and other institutional customers.

  • Its near-term focus is reusable orbital cargo transportation through Nyx, with longer-term expansion into crewed, lunar, and heavy-lift transportation through Storm.
  • NOTABLE CUSTOMERS

    ✦ KEY METRIC
  • Starlab Space has announced three pre-booked Nyx cargo missions to its commercial space station.

  • Vast has announced an agreement for one future Nyx cargo mission to Haven, while Axiom Space has announced a preliminary agreement for a potential full cargo mission subject to development milestones.

  • ESA is an institutional customer and partner, and TEC has a NASA Space Act Agreement supporting future ISS and commercial-station missions.
  • KEY METRICS

    ✦ KEY METRIC
  • TEC has raised approximately $680 million in total funding, including a $450 million Series C announced in September 2026.

  • The company reports more than $2 billion in contracts and commitments globally and 10 booked Nyx missions.

  • TEC has more than 550 employees, with the first full-scale Nyx orbital demonstration targeted for 2028.
  • COMPETITIVE ADVANTAGE

    ✦ KEY METRIC
  • Nyx is launcher-agnostic, reusable for up to 10 missions, and designed to return up to 3,000 kilograms of cargo to Earth.

  • TEC develops a broad in-house technology stack spanning spacecraft structures, propulsion, avionics, flight software, guidance and navigation, thermal protection, docking, recovery, and digital engineering.

  • Its Storm program adds a reusable liquid-oxygen/methane propulsion platform intended for a future European heavy-lift launcher.
  • GROWTH TACTICS

  • TEC is pursuing a B2B and B2G mission-services model in which space agencies and commercial station operators book cargo transportation, payload capacity, and return logistics.

  • The company is expanding its international footprint and government reach through operations in Europe, the United States, and the United Arab Emirates, including the TEC Federal entity for U.S. government opportunities.

  • Future growth is expected to come from commercial-station logistics, space manufacturing and research payloads, crewed transportation, and lunar programs.
  • PRODUCT AND TECH

    Nyx Reusable Spacecraft

    Nyx is a launcher-agnostic cargo capsule designed to deliver supplies to space stations, return cargo to Earth, and be refurbished for future missions. It supports up to 3,000 kilograms of returned cargo and is designed for reuse across multiple flights.

    Space Station Logistics

    The Exploration Company provides planned cargo transportation and payload-return missions for commercial and government space stations. Its B2B and B2G services target space agencies, station operators, research organizations, and other institutional customers.

    Storm Rocket Engine

    Storm is a reusable liquid-oxygen/methane engine using a full-flow staged-combustion cycle. It is being developed to power a future European heavy-lift launcher.

    Spacecraft Systems

    The company develops core spacecraft technologies including avionics, flight software, guidance and navigation, autonomous docking, thermal protection, propulsion electronics, and recovery systems. These systems support Nyx's reusable orbital missions.

    Digital Engineering

    The Exploration Company uses digital tools, vehicle digital twins, APIs, computational engineering, and LEAP 71's Noyron RP platform to support spacecraft and rocket-engine design. This approach connects physics, engineering rules, manufacturing constraints, and test feedback.

    COMPANY CULTURE

    Values

  • Peaceful, accessible participation in humanity's future in space

  • Sustainability through reusable and refurbishable spacecraft

  • International cooperation across Europe and beyond

  • European strategic autonomy in space transportation
  • Operating Principles

  • Move with speed and execution

  • Pair rapid iteration with rigorous engineering validation

  • Test flight-relevant systems through focused campaigns

  • Build practical, reusable infrastructure for long-term impact
  • Work Style

  • Cross-functional collaboration across spacecraft, propulsion, software, and manufacturing

  • Pan-European and internationally distributed teamwork

  • Mission-driven work spanning Nyx, Storm, and future crewed and lunar programs

  • Hands-on development, prototyping, and testing
  • Team Cadence

  • Fast development cycles from concept to demonstrator

  • Iterative test campaigns and milestone-based validation

  • Coordination across teams in Germany, France, Italy, Luxembourg, the United States, and the UAE

  • Close collaboration with space agencies, station operators, and research organizations