The Exploration Company

Aerospace and Defense · Gauting, Germany · Founded 2021 · Privately Held (backing)

Developer of a reusable spacecraft designed to make space exploration accessible. The Exploration Company is based in Gauting, Germany and was founded in 2021. It was valued at $471 million at its early-stage round in Dec 2024, the last priced event on record. It has raised $235 million across 1 recorded round; the latest was a $164 million Series B in Dec 2024.

PMV mark · valuation
$470.8M
Oct 2026
Priced at
its early-stage round
Dec 2024
Total raised
$234.9M
Last round
Early Stage VC (Series B)
Dec 2024
What is The Exploration Company worth?
$470.8MPrivateMarketView mark · Oct 2026

Valued at $470.8M at its early-stage round, Dec 2024. Nothing has traded since.

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Valuation timeline

0 priced rounds · 43 daily marks since · Sep 2026 – Oct 2026
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The Exploration Company funding history

1 rounds
DateRoundRaisedPost-money
Dec 2024Early Stage VC (Series B)$163.8M▮
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The Exploration Company valuation

The Exploration Company was valued at $471 million at its early-stage round in Dec 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has The Exploration Company raised?

The Exploration Company has raised $235 million in total; 1 of its rounds is on record. The largest on record was a $164 million Series B in Dec 2024.

Comparable companies

Comparable aerospace and defense names by valuation on PrivateMarketView: Fleet Space Technologies ($518 million), Hidden Level ($500 million) and TurbineOne ($300 million).

How The Exploration Company's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For The Exploration Company, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about The Exploration Company

What is The Exploration Company worth?
The Exploration Company is valued at $470.8M as of Oct 2026. Valued at $470.8M at its early-stage round, Dec 2024. Nothing has traded since.
How much has The Exploration Company raised?
The Exploration Company has raised $234.9M in total funding across 1 recorded rounds.
When did The Exploration Company last raise?
The Exploration Company last raised in Dec 2024 (Early Stage VC (Series B)), raising $163.8M.