The Exploration Company

Nyx reusable capsule, Storm rocket engine

DE/FR$2B est. private~417 staffest. 2021exploration.space (opens exploration.space)Checked 10 Oct

The brief

Analyst view
  • €150M Series B (Nov 2024) led by Balderton Capital and Plural.
  • $450M Series C (Sept 2026) led by Bessemer, Atomico and Scaleup Europe Fund.
  • €760M ESA contract (Sept 2026) for Nyx demonstration to ISS plus two optional cargo missions.

Technical approach

As reported
Nyx Capsule

Reusable orbital vehicle

Pressurized capsule with service module for propulsion and power. Recoverable and reusable design with ceramic heat shield for multiple reentries.

Storm Engine

180-ton-thrust rocket engine

Liquid oxygen and bio-methane engine with full-flow staged combustion for reusable heavy-lift systems. Hardware testing underway.

European Partnerships

Collaborative development

Works with ESA, Airbus, and national space agencies across Europe for sovereign access to space.

Primer