The Exploration Company raises $450m to build a rocket engine
The Exploration Company has raised $450m. Most of it goes into something the company is not yet famous for.
Not Nyx, the reusable capsule that has drawn the contracts and the SpaceX comparisons. An engine.
Kate Duffy reported the round for Bloomberg. Founder and chief executive Hélène Huby told her why the balance falls that way.
“My strategy right now is to stay very focused on the rocket engine because there is no rocket without the engine,” she said. “That’s the most difficult and longest part to build.”
What Storm is
Storm burns oxygen and methane in a full-flow staged combustion cycle. That is the architecture SpaceX uses in Raptor, and one of the harder things in propulsion to make work.
The company calls it Europe’s first reusable high-thrust engine of its kind. It is meant for a future reusable heavy launcher carrying up to 40 tonnes to low...
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