The Exploration Company has secured $160 million in Series B funding to advance its Nyx cargo spacecraft, designed for missions to low Earth orbit (LEO) and later to cislunar space.

Led by Balderton Capital and Plural, with support from European sovereign funds, the round is Europe’s largest Series B for a space company.

Nyx Earth, the LEO version, will carry up to four tons of cargo to orbit and return with three tons.

The company plans a 2025 flight of its Mission Possible capsule, carrying 300 kg of cargo for science and technology demonstrations, Space News has reported.

With over $750 million in backlog from clients like Axiom Space and Starlab, it aims to serve commercial space stations as its primary market.

Written by B.C. Begley