The Exploration Company (TEC), a French-German startup founded in 2021, is gearing up for a funding round expected to exceed the $160 million raised last year, according to the Financial Times. The company aims to build Europe’s first reusable cargo capsule designed to deliver supplies to the International Space Station (ISS), entering a field largely dominated today by Elon Musk’s SpaceX.
CEO and founder Hélène Huby says TEC’s ambitions stem from Europe’s need to strengthen its independence in space. Alongside its cargo capsule, the startup is co-developing a lunar lander with the United Arab Emirates, targeting a Moon landing before 2035.
Read full article here: turnovernews.com
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