The Exploration Company
PrivateLast Round
Series C
Jul 26, 2026
Est. Valuation
$2B
Total Funding Raised
$211.8M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
The Exploration Company operates in Frontier & Industrial Tech and is based in Gauting. Its latest recorded funding round was a Series B round in November 2024.
The Exploration Company is an aerospace company that develops modular and reusable spacecraft for cargo transport and human spaceflight missions to low Earth orbit and beyond.
Sector
Frontier & Industrial Tech
Verticals
Space Technology, Defense Tech
Business Model
B2G
Customer Profile
Government Contracts, Services & Consulting
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
The Exploration Company Comparables
Compare The Exploration Company with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Sierra Nevada Corporation | 84% | |
| Axiom Space | 74% | |
| ATMOS Space Cargo | 73% |
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The Exploration Company Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Jul 26, 2026 | ||||
| Series C | May 20, 2026 | ||||
| Series B | Nov 18, 2024 | ||||
| Series A | Feb 1, 2023 | ||||
| Seed | Nov 18, 2021 | ||||
Pre Seed | Oct 5, 2021 |
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Key People
Founding team and executive leadership
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The Exploration Company Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Partech | Series A, Series B |
| Aglaé Ventures | Series B |
| EQT Ventures | Series B, Series A |
| DeepTech & Climate Fonds | Series B |
| SISTAFUND | Series A |
| Partech | Series A |
| WorldQuant Millennium Advisors | Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 17, 2026
Developing 'Huracan' cryogenic rocket engine for lunar lander.
- Sep 16, 2026
Developing reusable lunar lander with UAE test site for propulsion.
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Recent news
Latest coverage and updates
- receives_financingSep 11, 2026
The Exploration Company secures $522M in Series C financing on Sep 8th '26, fully funding development of its reusable Nyx spacecraft through its initial demonstration flight.
- is_developingSep 11, 2026
The Exploration Company is developing Storm, a liquid-oxygen-and-methane engine with approximately 400,000 pounds of thrust to power a reusable rocket designed to carry 40 metric tons in reusable mode and 60 metric tons in expendable mode, with an aggressive development timeline targeting 2033.
- signs_new_clientSep 11, 2026
The Exploration Company signs European Space Agency as a new client after European Space Agency awards it a €760 million Phase 2 service contract under ALADDIN for its Nyx vehicle and Europe's commercial cargo return programme on Sep 10th '26.
- partners_withSep 10, 2026
The Exploration Company and Arianespace announce an agreement for The Exploration Company to launch Arianespace's reusable Nyx capsule aboard Ariane 6 from French Guiana on Sep 10th '26, supporting the ESA ALADDIN demonstration mission.
- is_developingSep 9, 2026
The Exploration Company is developing its proprietary Nyx spacecraft capsule, a modular reusable orbital vehicle that aims to deliver cargo to the International Space Station by Nov '28 and support future crewed spaceflight missions.
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The Exploration Company Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about The Exploration Company's valuation, stock price, and market status.
Is The Exploration Company a public or private company?
The Exploration Company is a private company.
What is the current stock price of The Exploration Company?
The Exploration Company is a private company, so its shares have no public market price. Caplight tracks The Exploration Company's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is The Exploration Company worth (valuation)?
The Exploration Company's valuation is estimated at $2.0B based on funding round data.
Can I buy The Exploration Company stock?
The Exploration Company shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was The Exploration Company's last funding round?
The Exploration Company's most recent funding round was Series C on July 26, 2026.
Who are the main investors in The Exploration Company?
Key investors in The Exploration Company include EQT Ventures, EQT AB, Red River West, Promus Ventures, Plural.
Will The Exploration Company IPO soon?
No public IPO plans have been announced for The Exploration Company.
How can I track The Exploration Company secondary market activity?
Caplight tracks bids, offers, and trades in The Exploration Company's shares on secondary markets.