With its modular and reusable orbital vehicle Nix, The Exploration Company aims to democratize access to space for European private actors.
Space is an expensive endeavour, traditionally reserved for governmental missions alone. Recently, a growing number of private actors have entered the scene. US and China have started a race to first exploit the resources of space. European players are lagging behind, struggling to realize highly relevant missions from wildfire detection to building space-based solar power plants.
That is why Hélène Huby, former Head of Innovation at Airbus Defence and Space, founded The Exploration Company, probably Europe’s most ambitious space startup. Her mission is to shape sustainable, scalable, and affordable space journeys made in Europe. While a commercial experiment in space usually takes three years to prepare and costs 100,000€ per kilogram, The Exploration Company can offer their services within six months, charging only 20,000€ for the same load. In addition, the company operates a space store that offers tech bricks for sale, with standardized and open interfaces to enable others to build on their platform.
This allows The Exploration Company to enable a vast variety of industries from Space, Agri-Biotech, Pharmaceutical to Chemical and Entertainment. For instance, stem cells grow faster and better in space, and space-based solar panels could solve the energy crisis once and forever.
Space is an expensive endeavour, traditionally reserved for governmental missions alone. Recently, a growing number of private actors have entered the scene. US and China have started a race to first exploit the resources of space. European players are lagging behind, struggling to realize highly relevant missions from wildfire detection to building space-based solar power plants.
That is why Hélène Huby, former Head of Innovation at Airbus Defence and Space, founded The Exploration Company, probably Europe’s most ambitious space startup. Her mission is to shape sustainable, scalable, and affordable space journeys made in Europe. While a commercial experiment in space usually takes three years to prepare and costs 100,000€ per kilogram, The Exploration Company can offer their services within six months, charging only 20,000€ for the same load. In addition, the company operates a space store that offers tech bricks for sale, with standardized and open interfaces to enable others to build on their platform.
This allows The Exploration Company to enable a vast variety of industries from Space, Agri-Biotech, Pharmaceutical to Chemical and Entertainment. For instance, stem cells grow faster and better in space, and space-based solar panels could solve the energy crisis once and forever.
Location: Germany, Bavaria, Argelsried
Total raised: $450.36M
Investors 6
Date | Name | Website |
- | Vsquared V... | vsquared.v... |
- | Expansion ... | expansion-... |
- | Stellar Ve... | svc.vc |
18.04.2023 | EQT Ventur... | eqtventure... |
01.05.2023 | Partech Pa... | partechpar... |
27.01.2022 | Cherry Ven... | cherry.vc |
Funding Rounds 2
Date | Series | Amount | Investors |
07.02.2023 | Series A | $444.83M | Possible V... |
18.11.2021 | - | $5.53M | - |
Mentions in press and media 18
Date | Title | Description |
10.06.2024 | Beyond earth: 10 European startups leading the space tech revolution | The dynamic and rapidly evolving nature of space technology demands continuous innovation. As such, startups are uniquely positioned to bring fresh ideas and agile solutions to the table. Their involvement not only accelerates technological... |
23.05.2024 | The Exploration Company wins cargo contract from the ESA | Leading commercial space company The Exploration Company has been contracted by the European Space Agency to develop a Low Earth Orbit (LEO) Cargo Return Service. The LEO Cargo Return Service is a commercial endeavour that will transport ca... |
30.01.2024 | TRUMPF’s new partnership to set sights on the Earth’s orbit and beyond | German technology company TRUMPF and European space travel start-up The Exploration Company have partnered to manufacture core components for spacecraft for missions in the Earth’s orbit and to the moon. The focus of this collaboration is o... |
15.01.2024 | NewSpace-Startups, die alle auf der Agenda haben sollten | Die Eroberung des Weltraum findet längst nicht mehr nur in den USA statt. Auch in der deutschen Startup-Szene spielt das Thema NewSpace bzw. SpaceTech inzwischen eine wichtige Rolle. Thematisch ist die deutsche NewSpace-Szene extrem breit a... |
18.09.2023 | Max Q: Firefly conquered the night | Hello and welcome back to Max Q! In this issue: Firefly Aerospace conquered the night News from Varda Space and more Firefly and Millennium Space’s Victus Nox mission sets a new record for responsive launch Firefly Aerospace successfully la... |
13.09.2023 | The Exploration Company signs agreements with Axiom, Indian Space Research Organization | Europe-based The Exploration Company is gearing up to compete with in-space delivery providers SpaceX and Northrop Grumman, with the startup announcing this week that it had signed a preliminary cargo delivery agreement with private space s... |
09.06.2023 | 9 spannende NewSpace-Startups, die jeder kennen sollte | Investitionen in NewSpace- und SpaceTech-Startups boomen trotz Krise weiter. Auch in Deutschland konnten junge Unternehmen wie Isar Aerospace, The Exploration Company und Reflex Aerospace zuletzt gegen den Trend üppige Millionensumme einsam... |
10.04.2023 | The Exploration Company – einmal Mond und zurück | Zu den vielen Startups, die man unbedingt im Blick behalten sollte, gehört das NewSpace-Startup The Exploration Company. Das deutsch-französische NewSpace-Startup (München, Bordeaux), 2021 von der ehemaligen Airbus-Managerin Hélène Huby geg... |
01.02.2023 | Germany-based The Exploration Company bags €40.5M from EQT Ventures, others to advance space democratisation efforts | Bavaria, Germany-based The Exploration Company, a space tech company, announced on Wednesday that it has secured €40.5M in a Series A round of funding led by EQT Ventures and Red River West. Promus Ventures, Cherry Ventures, Vsquared, Ommne... |
01.02.2023 | In no way boring, spacetech startup The Exploration Company lands €40.5 million | Franco-German spacetech The Exploration Company has raised a record €40.5 million in a Series A funding round led by EQT Ventures and Red River West. Building upon a €5.3 million seed round that was aimed at helping the company in developin... |
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