The Exploration Company nabs $450 million to challenge SpaceX

The Exploration Company (TEC) has raised $450 million to build reusable spacecraft, in what it describes as “the largest-ever Series C by a European space company.”

Poseidon Aerospace lands $60M ahead of first pilotless test flight

The startup is trying to rethink the economics of cargo aircraft by removing pilots from the equation entirely.

Stoke Space raises another billion to rival SpaceX at re-flying rockets

Stoke has “completed the initial closing” of a $1B Series E round intended to help it reach orbit and prepare a new, larger rocket for operations.

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Wonderful more than doubles its valuation to $5B in under 6 months

Wonderful said it will use its $550 million Series C funding to develop products faster, expand its FDE teams, and meet demand for its products.

HiddenLayer nabs $100M as enterprises rush to secure their AI deployments

HiddenLayer has raised a $100M Series B from Delta-v Capital, Ten Eleven Ventures, Morgan Stanley, Microsoft’s M12, Booz Allen Hamilton, and others.

This startup is fuel-injecting hydrogen to make cargo ships more efficient

Newlight has raised a $9 million seed round and completed an 8,500-nautical-mile test run from Singapore to Ghana.

Polymarket reportedly raises $300 million from Donald Trump Jr.’s investment fund

The firm, 1789 Capital, led the funding round that reportedly will total around $1 billion.

Neocloud Lambda secures $1B in debt to buy more chips

Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.

Friend-focused photo sharing app Retro snags $21M

Retro, a friend-focused photo-sharing app built by former Instagram employees, has raised more than $21 million in Series A funding.