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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.

Source: Bloomberg Tech · Opens in new tab