in a statement. “This new funding is the next step in scaling up our ambitions.” The startup will use the fresh cash to develop and test the next generation of its space capsule, Nyx — a reusable and in-orbit refillable spacecraft that can be launched from any heavy launcher and fly to any space station. The company says its capsule will be able to take both people and cargo to space and back. That would make it a competitor to SpaceX and a few other companies specializing in such transport. Funding out of this world TEC’s raise is just the latest big round for a space startup this year. So far in 2024, space startups have raised $7.7 billion in 338 rounds, per Crunchbase data