The Exploration Company in Talks to Raise $300 Million, FT Reports

The Exploration Company GmbH is in talks to raise at least $300 million, which would lift its valuation to more than $2 billion, according to Bloomberg reported. The funding would come in part from the European Union’s Scaleup Europe Fund, the Financial Times reported. The company is seen as a potential European rival to Elon Musk’s SpaceX.