The Exploration Company Aims to Establish European Space Sovereignty by 2028
The Exploration Company, founded by Hélène Huby in 2021, aims to provide Europe with independent access to space, currently dominated by the U.S., China, and Russia. With over 400 employees and significant funding of $230m, the company is developing capsules for cargo and astronauts, targeting the International Space Station. Its first capsule, Mission Bikini, was developed in nine months at a cost of under €2m, with a larger capsule planned for 2028. The European space economy is projected to grow to $1.8tn by 2035.
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The Exploration Company, founded by Hélène Huby in 2021, seeks to enhance European independence in space, where currently only the U.S., China, and Russia can launch astronauts. The company has grown to over 400 staff and raised $230m from investors, focusing on developing capsules for cargo and astronauts to the International Space Station.
Its first test capsule, Mission Bikini, was developed in nine months for less than €2m. A full-size capsule, Nyx, is expected to fly in 2028. The European space economy is forecast to reach $1.8tn by 2035, necessitating a push for more autonomous space capabilities.
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