The Exploration Company raises $450M Series C, Europe's largest space round

Munich-based The Exploration Company (TEC) raised $450 million in a Series C co-led by Atomico, EQT, and Bessemer Venture Partners. Operating across five European countries, TEC will fund a reusable heavy-lift launcher to rival SpaceX. Ten Nyx capsule missions are booked, backed by over $2 billion in contracts.