Business · Companies · 4 hrs ago

Eos X Space raises $120 million for US expansion and development

Eos X Space raises $120 million for US expansion and development

Spanish-founded Eos X Space has raised $120 million to support its development in the United States.

The company says it will use the money for engineering, testing, infrastructure and specialist staff, as well as civil and military technology programmes.

The new funding brings its total raised this year to $260 million, including a $140 million Series D round.

Eos X Space plans to start commercial operations before the end of this year, offering helium-lifted capsule flights to about 40 kilometres, with seats costing around $200,000.

The company is also developing satellite services for observation, communications and data analysis for private and institutional customers.

It plans to list in New York and London in 2027, with trading expected to begin in New York in the second or third quarter and in London in the second quarter.

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