Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • YouTube Warns Opposition in Pakistan, Journalists of Possible Channel Bans
    • BAE Systems and Avioniq Bring AI Combat Aid to Eurofighter Typhoon Pilots
    • Tianzhou-8 Leaves China’s Space Station Ahead of Controlled Re-entry
    • M&S Chair Urges UK Firms to Report Major Cyberattacks Promptly
    • Rare Juvenile Ceratosaurus Set for Auction at Sotheby’s in New York
    • Largest Martian Meteorite on Earth Heads to Auction at Sotheby’s
    • Suhora Technologies Partners with Orbital Sidekick: Advanced Hyperspectral Satellite Services in India Soon
    • A Sovereign Mobile Operating System, Enter Aurora OS
    Stratnews GlobalStratnews Global
    Write for Us
    Wednesday, July 9
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » Reusable Space Capsule Nyx Gets $160M Boost Amid ESA’s Private Investment Push

    Reusable Space Capsule Nyx Gets $160M Boost Amid ESA’s Private Investment Push

    Arushi PandeyBy Arushi PandeyDecember 18, 2024 Space No Comments2 Mins Read
    Nyx

    European Startup The Exploration Co Raises $160 Million for Reusable Space Capsule

    The Franco-German space startup The Exploration Co announced on Monday that it has secured $160 million in Series B funding. The investment will support the development of its reusable cargo capsule, Nyx, marking a significant milestone in European space innovation.

    The funding round, led by Balderton Capital and Plural, is reportedly the largest space-related investment of its kind in Europe. This comes as Europe ramps up its efforts to strengthen its private space sector, supported by the European Space Agency (ESA).

    Nyx: A Key to Europe’s Space Future

    The Nyx capsule is designed to deliver cargo to the International Space Station (ISS) by 2030. It could also support future space stations, offering flexibility for various missions. While Nyx is initially focused on cargo transport, there is potential for its design to be adapted for human spaceflight in the future.

    ESA has emphasised the importance of such developments, with its 22 member nations agreeing to encourage private investment for cargo vehicles. Josef Aschbacher, ESA’s director general, highlighted the need for Europe to take bold steps in space to avoid lagging behind global competitors, as it has in other sectors like IT. The Nyx programme represents a significant step toward establishing a standalone European human spaceflight capability.

    Challenges and Progress in Testing

    In July, The Exploration Co tested a small prototype capsule, Nyx Bikini, during the inaugural flight of Europe’s new Ariane 6 launcher. However, the mission faced setbacks when the third stage of Ariane 6 failed to deploy the test craft correctly, leaving it stranded in orbit. Despite this, The Exploration Co remains on track to launch its next mission, Mission Possible, a mid-size Nyx capsule, in 2025.

    Delays in Ariane 6 Launch Schedule

    ESA recently announced that the second flight of the Ariane 6 rocket, initially planned for December 2024, has been postponed to February 2025. This delay also affects the rocket’s first formal commercial mission, but The Exploration Co remains confident in its schedule for Mission Possible.

    As Europe accelerates its space ambitions, initiatives like Nyx underline the growing role of private firms in shaping the continent’s space future.

    With inputs from Reuters

    Author

    • Arushi Pandey
      Arushi Pandey

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Arushi Pandey

      Keep Reading

      YouTube Warns Opposition in Pakistan, Journalists of Possible Channel Bans

      BAE Systems and Avioniq Bring AI Combat Aid to Eurofighter Typhoon Pilots

      Tianzhou-8 Leaves China’s Space Station Ahead of Controlled Re-entry

      M&S Chair Urges UK Firms to Report Major Cyberattacks Promptly

      Rare Juvenile Ceratosaurus Set for Auction at Sotheby’s in New York

      Largest Martian Meteorite on Earth Heads to Auction at Sotheby’s

      Add A Comment
      Leave A Reply Cancel Reply

      Latest Posts

      YouTube Warns Opposition in Pakistan, Journalists of Possible Channel Bans

      July 9, 2025

      BAE Systems and Avioniq Bring AI Combat Aid to Eurofighter Typhoon Pilots

      July 9, 2025

      Tianzhou-8 Leaves China’s Space Station Ahead of Controlled Re-entry

      July 9, 2025

      M&S Chair Urges UK Firms to Report Major Cyberattacks Promptly

      July 9, 2025

      Rare Juvenile Ceratosaurus Set for Auction at Sotheby’s in New York

      July 9, 2025

      Largest Martian Meteorite on Earth Heads to Auction at Sotheby’s

      July 9, 2025

      Suhora Technologies Partners with Orbital Sidekick: Advanced Hyperspectral Satellite Services in India Soon

      July 8, 2025

      A Sovereign Mobile Operating System, Enter Aurora OS

      July 8, 2025

      OceanOneK Robot Lets Scientists Feel the Deep Sea While Exploring Shipwrecks

      July 8, 2025

      Content Moderators Demand Mental Health Protections Amid Surge in Online Violence

      July 8, 2025

      Subscribe to News

      Get the latest sports news from NewsSite about world, sports and politics.

      • Astronomical Events
      • Space Missions
      • Industry News
      • Science
      StratNewsGlobal Tech
      Facebook X (Twitter) Instagram LinkedIn YouTube
      © 2025 StratNews Global, A unit of BharatShakti Communications LLP
      • About Us
      • Contributors
      • Copyright
      • Contact
      • Write for Us

      Type above and press Enter to search. Press Esc to cancel.