The Exploration Company
PrivateLast Round
Series C
Jul 26, 2026
Est. Valuation
$2B
Total Funding Raised
$211.8M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
The Exploration Company is an aerospace company that develops modular and reusable spacecraft for cargo transport and human spaceflight missions to low Earth orbit and beyond.
Sector
Frontier & Industrial Tech
Verticals
Space Technology, Defense Tech
Business Model
B2G
Customer Profile
Government Contracts, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
The Exploration Company Comparables
Compare The Exploration Company with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Sierra Nevada Corporation | 84% | |
| Axiom Space | 74% | |
| ATMOS Space Cargo | 73% |
The Exploration Company Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Jul 26, 2026 | ||||
| Series C | May 20, 2026 | ||||
| Series B | Nov 18, 2024 | ||||
| Series A | Feb 1, 2023 | ||||
| Seed | Nov 18, 2021 | ||||
Pre Seed | Oct 5, 2021 |
Key People
Founding team and executive leadership
The Exploration Company Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Partech | Series A, Series B |
| Aglaé Ventures | Series B |
| EQT Ventures | Series B, Series A |
| DeepTech & Climate Fonds | Series B |
| SISTAFUND | Series A |
| Partech | Series A |
| WorldQuant Millennium Advisors | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 31, 2026
Grew 20% QoQ, from 418 to 500 employees.
- Jul 26, 2026
$300M round with a $2B post-money valuation.
Recent news
Latest coverage and updates
- receives_financingSep 11, 2026
The Exploration Company received financing of $522M in Series C on Sep 8th '26
- is_developingSep 11, 2026
The Exploration Company is developing Storm on Sep 1st '26
- signs_new_clientSep 11, 2026
The Exploration Company signs European Space Agency as a new client under ALADDIN on Sep 10th '26
- partners_withSep 10, 2026
The Exploration Company partnered with Arianespace, Inc. on Sep 10th '26
- is_developingSep 9, 2026
The Exploration Company is developing Nyx spacecraft capsule on Sep 9th '26
The Exploration Company Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about The Exploration Company's valuation, stock price, and market status.
Is The Exploration Company a public or private company?
The Exploration Company is a private company.
What is the current stock price of The Exploration Company?
The Exploration Company is a private company, so its shares have no public market price. Caplight tracks The Exploration Company's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is The Exploration Company worth (valuation)?
The Exploration Company's valuation is estimated at $2.0B based on funding round data.
Can I buy The Exploration Company stock?
The Exploration Company shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was The Exploration Company's last funding round?
The Exploration Company's most recent funding round was Series C on July 26, 2026.
Who are the main investors in The Exploration Company?
Key investors in The Exploration Company include EQT Ventures, EQT AB, Red River West, Promus Ventures, Plural.
Will The Exploration Company IPO soon?
No public IPO plans have been announced for The Exploration Company.
How can I track The Exploration Company secondary market activity?
Caplight tracks bids, offers, and trades in The Exploration Company's shares on secondary markets.