Exploration raises $160 million to build a competitor to SpaceX's Dragon rocket
- Two companies from the USA provide cargo delivery to the ISS
- Exploration operates in the markets of Germany, France and Italy
- The company aims to change the ISS cargo delivery market
- Exploration wants to develop a reusable space capsule
- It will be the first reusable capsule for EU companies
- The funds will be used to develop the new Nyx spacecraft
- The spacecraft will be able to carry 3,000 kilograms of cargo to and from the ISS
- The first Nyx flight to and from the ISS is scheduled for 2028
- Exploration is funded primarily by private investors
- This distinguishes it from SpaceX, where funding comes from NASA
- Balderton Capital, Plural and others have provided new investments
- 90% of the $770 million in contracts were also from the private sector
- The company's clients included Vast, Axiom Space and Starlab