The European Space Agency on Wednesday has started on its bid to create a European version of SpaceX, choosing two companies to develop commercial cargo services to the International Space Station.
The Exploration Company, a Franco-German start-up founded just three years ago, and Thales Alenia Space, a Franco-Italian space systems supplier, beat several other candidates to win initial funding of €25mn each to build a commercially credible service to low earth orbit by 2028. A second round of funding, expected to be in the hundreds of thousands of euros, will be decided at the next ESA ministerial meeting in 2025.
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