A European-based startup has just secured a major investment to help them develop and manufacture transportation vehicles for use in space. The startup, which has not been named, has received $44 million in funding from a group of investors, which will allow the company to bring its space transportation vehicles to the market.
The investment marks a major milestone for the young company, which has been working on its space transportation technology for the past few years. The team is now set to move into the next phase of development, which will involve creating the actual transportation vehicles and preparing them for launch.
The transportation vehicles will be used to ferry people and cargo to and from the International Space Station (ISS). This is a crucial step in the development of space exploration, as it will allow for more efficient and cost-effective transportation. The vehicles will also be able to transport payloads for scientific experiments, including the equipment and materials needed for space research.
This investment marks a major milestone for the European startup, which is now well-positioned to develop and manufacture space transportation vehicles for use in space exploration. This is an exciting development for the space industry, as it will open up new possibilities for space exploration, as well as provide more efficient transportation options for people and cargo to and from the International Space Station.