SpaceX's European Rival Raises $160M For Reusable Space Capsule

Quick Summary:

The Exploration Company (TEC) has announced a successful funding round, raising $160 million to further develop its reusable space capsule, “Nyx.” This capsule is designed to transport both astronauts and cargo to space stations.

Additional support came from French Tech Souveraineté and DeepTech & Climate Fonds, initiatives backed by the French and German governments.

The Nyx capsule’s reusability is a key feature, allowing it to re-enter Earth’s atmosphere and be used for multiple missions, CNBC reported on Monday.

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Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United StatesIndia

Topics: Reusable space capsule Benzinga neuro Benzinga The Exploration Company Tech Elon Musk SpaceX Pooja Rajkumari General Stories That Matter News SPACE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 08:40:26 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23654914

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Official Website: benzinga.com

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