Exploration Company raises $450 million Series C with Cherry Ventures participating

• The Exploration Company, a European space startup developing a reusable cargo capsule, announced a $450 million Series C round.
• Bessemer Venture Partners, Atomico, the Scaleup Europe Fund co-led the financing; Cherry Ventures UG haftungsbeschraenkt & Co KG reinvested as an existing backer.
• Total funding rose to about $680 million.
• Proceeds target development of the Nyx reusable cargo capsule for an orbital demonstration mission that will dock with the International Space Station.
• Funding also supports Storm, a reusable high-thrust rocket engine intended to underpin a future European heavy-lift launcher.

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