What Happened
The Exploration Company Secures Major ESA Deal
The European Space Agency has awarded The Exploration Company a €760 million contract to build and fly Europe’s first commercial cargo capsule to the International Space Station. This milestone follows the company’s recent $450 million funding round, which will be used to accelerate the development of its Storm rocket engine. The contract marks a significant step forward for The Exploration Company, which aims to reduce European dependence on US launch providers. According to the European Space Agency, this is the first and largest capsule transportation service contract awarded to a European company in open competition, as reported by Unknown Source.