The Exploration Company Raises $450 Million to Develop Reusable Spacecraft

The Exploration Company (TEC) has raised $450 million in a new funding round to develop reusable spacecraft, the company announced, according to TechCrunch.

TEC described the round as "the largest-ever Series C by a European space company," positioning the startup as a challenger to SpaceX in the reusable spacecraft market.

Details on the round's investors and the company's specific spacecraft development timeline were not disclosed in the available information.

The Exploration Company has previously worked on capsule technology intended to return cargo from orbit, though further specifics of its current plans were not included in the source material.

TechCrunch reported the funding news on September 8, 2026.