France and Germany back rival to Elon Musk's SpaceX – The Telegraph

European space start-up claims Nyx capsule will be cheaper and more efficient

France and Germany are backing a European rival to Elon Musk’s SpaceX as EU politicians fear falling behind in the space race.
Funds backed by the two states are part of a $160m (£127m) investment in The Exploration Company (TEC), a Franco-German start-up developing a capsule that can take astronauts and cargo to space stations.
It is the largest ever funding round involving a European space company, which […]
France and Germany back rival to Elon Musk's SpaceX – The Telegraph