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The acquisition is intended to strengthen The Exploration Company's supply chain resilience.
The Exploration Company did not disclose the terms of the Thrustworks acquisition deal.
The Exploration Company and Thales Alenia Space are the only two recipients of Phase 1 contracts under the LEO Cargo Return Services initiative.
The Exploration Company successfully concluded an extensive wind-tunnel campaign focusing on Nyx’s Earth capsule behavior from subsonic to hypersonic conditions.
The Exploration Company has successfully tested the shielding for its Nyx spacecraft against micrometeoroid and orbital debris impacts.
The Exploration Company is positioning itself for Phase 2 of ESA’s LEO Cargo Return Services initiative, which will be considered at the upcoming Ministerial Council meeting.
The Exploration Company completed an initial test campaign of the Nyx spacecraft’s Micrometeoroid and Orbital Debris shield as of 13 November.
The Exploration Company is developing Nyx, a modular, multirole spacecraft expected to debut in 2028.
The Exploration Company was founded in 2021 and is developing a modular, reusable spacecraft called Nyx for cargo transport to and from the International Space Station.
On 27 October, The Exploration Company hosted a ribbon-cutting ceremony for its new headquarters in Oberpfaffenhofen, attended by regional and federal government dignitaries.
The Exploration Company closed a €150 million Series B funding round in November 2024.
The Exploration Company has a propulsion and production facility in Bordeaux, France, a mechanisms development site in Turin, and an in-orbit refueling kit development site in Luxembourg.
The Exploration Company was selected for Phase 1 of the European Space Agency’s LEO Cargo Return Service initiative alongside Thales Alenia Space in May 2024.
The Exploration Company has opened its new headquarters in Oberpfaffenhofen, Germany, with operations expected to begin in December.
In May 2024, ESA announced Thales Alenia Space and The Exploration Company as recipients of Phase 1 development contracts for its LEO Cargo Return Service initiative.
Options such as The Exploration Company’s Nyx spacecraft fall short of the 5,000-kilogram mass requirement, necessitating at least two flights.
The meeting included high-ranking officials from Arianespace, Avio, The Exploration Company, HyImpulse, Isar Aerospace, MaiaSpace, Omnidea, Rocket Augsburg - RFA, Sirius Space Services, and HyPrSpace.
The Exploration Company urges ESA member states to make a firm decision on ambitions regarding crewed spaceflight at the upcoming Ministerial Council meeting in Bremen.
The Exploration Company described the flight as a 'partial success (partial failure)' in a LinkedIn announcement.
After passing Phase 1, The Exploration Company's subsystems teams are executing hardware tests in the testing facility and finalizing plans for the Phase 2 Safety Review in 2026.