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European SpaceX Rival in Talks to Raise $300 Million, FT Reports

Bloomberg Technology Sunday 26 July 2026, 17:49 UTC By Yash Roy 1 min read
Key Points

European SpaceX Rival in Talks to Raise $300 Million, FT Reports The Exploration Company Gmbh, a potential European rival to Elon Musk’s SpaceX, is in talks to raise at least $300 million, in part from the European Union’s Scaleup Europe Fund, bumping the company’s valuation to more than $2 billion, the Financial Times reported. The funding round, which isn’t finalized, would help finance the company’s effort to develop the first European reusable space capsule to transport cargo to the...

European SpaceX Rival in Talks to Raise $300 Million, FT Reports The Exploration Company Gmbh, a potential European rival to Elon Musk’s SpaceX, is in talks to raise at least $300 million, in part from the European Union’s Scaleup Europe Fund, bumping the company’s valuation to more than $2 billion, the Financial Times reported. The funding round, which isn’t finalized, would help finance the company’s effort to develop the first European reusable space capsule to transport cargo to the International Space Station and its planned successor, the FT said, citing people familiar with the matter. The Scaleup Europe Fund is managed by Swedish investment group EQT AB.
European SpaceX (ORG) European (ORG) SpaceX (ORG) The Exploration Company Gmbh (ORG) Elon Musk’s (PERSON) the European Union’s (ORG) Scaleup Europe Fund (ORG) the Financial Times (ORG) the International Space Station (LOCATION) The Scaleup Europe Fund (ORG) Swedish (ORG) EQT AB (ORG)
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