A study by reinsurer Swiss Re found that Waymo's autonomous vehicles have demonstrated significantly fewer property damage and bodily injury claims compared to human-driven cars, with reductions of up to 92% in some metrics. Engadget reports: Swiss Re analyzed liability claims from collisions covering 25.3 million miles driven by Waymo's autonomous cars. The study also compared Waymo's liability claims to human driver baselines based on data from over 500,000 claims and over 200 billion driving miles. The results found that Waymo Driver "demonstrated better safety performance when compared to human-driver vehicles." The study found cars operated by Alphabet's Waymo Driver resulted in 88 percent fewer property damage claims and 92 percent fewer bodily injury claims.

Swiss Re also invented a new metric to compare Waymo Driver against only newer vehicles with advanced safety tech, like driver assistance, automated emergency braking and blind spot warning systems, instead of against the whole corpus of those 200 billion driving miles. In this comparison, Waymo still came out ahead with an 86 percent reduction in property damage claims and a 90 percent reduction on bodily damage claims.

"Proposals for a tunnel connecting the U.K. to the U.S. underneath the Atlantic Ocean have resurfaced," reports Newsweek, "but with a price tag of almost $20 trillion, the project is a big ask." With the two global cities being over 3,000 miles apart, construction would take several years — the 23.5-mile Channel Tunnel linking England and France took six years to construct — and require significant investment. Estimates over the cost have reached as high as £15.5 trillion, the equivalent of $19.8 trillion.

However, developments in vacuum tube technology have made the concept more viable. By creating a vacuum within the tunnel and using pressurized vehicles, trains traveling along the structure could theoretically reach speeds of more than 3,000 mph, making the journey between London and New York barely an hour long. This is because trains would not face any air resistance within the tunnel, allowing them to reach higher speeds than unconventional trains. This design, which has seen new development in Indian transportation, is sometimes called a "hyperloop". Cutting the intercontinental journey down to a matter of minutes means that for the first time, the Transatlantic Tunnel justifies the hefty price tag that undersea construction comes with, as it would become significantly more efficient and environmentally friendly than flying.
While no plans are underway, it's interesting to ask whether it could even be done. Weighing in, Elon Musk "has suggested the idea of building a '£20 trillion' underground tunnel link from London to New York appears to be a genuine possibility," according to the site LADbible, "although he says he could do it for less." (On X.com Musk posted that his Boring Company "could do it for 1000X less money.") This comes after the SpaceX boss, 53, who promises to revolutionise the way we travel, said his 'Starship' rocket could be used to transport passengers to any city in the world in under an hour.

An anonymous reader quotes a report from Engadget: The United States Postal Service unveiled a plan to buy a fleet of all-electric mail trucks for its mail carriers back in 2022, of which 3,000 were supposed to be delivered by now. Unfortunately, those plans aren't even close to fruition. The Washington Post reported that defense contractor Oshkosh has only delivered 93 vehicles so far. [...]

The Washington Post obtained nearly 21,000 government and internal company records and spoke with 20 people familiar with the trucks' manufacturing and design process. Its reporting shows that Oshkosh ran into significant manufacturing delays of the electric NGDVs that caused lower than expected delivery numbers. Some of the anonymous sources said that engineers struggled to calibrate the mail trucks' airbags, and the vehicles' body and internal components are unable to contain water leaks to an alarming degree. The turnaround time for building these new mail trucks is also very slow. The Post reports that the South Carolina factory can only build one truck per day even though Oshkosh hoped it could build at least 80 vehicles a day by now.

Oshkosh also failed to inform the Postal Service about these delays. Four of the background sources say a senior company executive tried to update the Postal Service about these manufacturing issues only to have those efforts blocked by their corporate superiors. An Oshkosh spokesperson said in a statement that the defense contractor is still "fully committed to being a strong and reliable partner" with the Postal Services and insists "we remain on track to meet all delivery deadlines," according to The Post.

China's high-speed rail network, which has tripled to nearly 30,000 miles under President Xi Jinping's leadership, faces mounting financial challenges amid aggressive expansion plans. China State Railway Group, the national operator, has accumulated nearly $1 trillion in debt and liabilities, requiring $25 billion annually for debt service.

Despite this, plans call for adding 15,000 more miles by 2035. While flagship routes between major cities like Beijing and Shanghai remain profitable, newer lines into rural regions are struggling with low ridership. In Sichuan province's Fushun County, which received high-speed rail service in 2021, stations built for thousands sit largely empty despite having 12 high-speed rail stops within a 40-mile radius.

The expansion has become a symbol of China's technological advancement but raises concerns about economic viability. Ticket prices are maintained at about one-quarter of global averages to ensure public access, limiting profit potential. The railway operator turned a modest $460 million profit in 2023, aided by government subsidies, after three years of losses during the pandemic.

Amazon is offering $25 (one-way) plane tickets to 5,000 students (or young adults between 18 and 24 years old) who have a Prime membership (up to $700 off the ticket's original price). CNET REports: Last year, Amazon offered the $25 flight deals to Prime Student members, but this holiday season, the retail giant is expanding the limited-time offer to those enrolled in its Prime for Young Adults plan... Once again, Amazon is joining with [travel-booking site] StudentUniverse to offer several thousand $25 flights you can book between December 9, 2024, and January 14, 2025. The offer is for a one-way domestic ticket within the U.S., including Washington, DC, while supply lasts. Amazon said it's making available 1,000 tickets to Prime Student and Young Adult subscribers each day for five days, starting at 10 a.m. PST on December 9.

"Mercedes-Benz is researching a new type of solar modules that could be seamlessly applied to the bodywork of electric vehicles," according to a recent Mercedes-Benz press release.

They describe the 5-micrometer coating as "similar to a wafer-thin layer of paste... significantly thinner than a human hair" — but creating an active photovoltaic surface with an efficiency of 20%. An area of 118.4 square feet (equivalent to the surface of a mid-size SUV) could produce energy for up to 7,456 miles per year under ideal conditions [based on daylight conditions from their testing in Stuttgart]. The energy generated by the solar cells is used for driving or fed directly into the high-voltage battery...

Solar paint has a high level of efficiency and contains no rare earths or silicon — only non-toxic, readily available raw materials. It is easy to recycle and considerably cheaper to produce than conventional solar modules. The Mercedes-Benz research department is currently working to enable use of the new solar paint on all exterior vehicle surfaces — regardless of shape or angle.
Solar paint could power 62% of the travel for a typical Stuttgart driver, their announcement notes. But in a sunnier city like Los Angeles, "It could be used for 100% of their driving, on average." (And "the surplus of energy could be fed directly into the home network via bidirectional charging.")

Mercedes-Benz researchers "initially thought the tech had limited scope for mass production," reports EV Central, "until experiments were carried out with prototypes coated with the paint in real-world scenarios. Instead of just coating the roof and bonnet to form a 1.8-square-metre surface area, one scientist suggested covering an entire car with the new solar paint, ramping up the surface area to more than 11m2. Another difference to the [Mercedes-Benz 2022 Vision EQXX concept] is instead of wiring the body panels to the 12-volt system, scientists hardwired the body panels to the Benz's high-voltage battery and the performance of the paint was well beyond expectations... Available in all colours, engineers admit the solar paint work best in darker shades. When it's launched, the tech should be as durable as regular paint. The photovoltaic surface is protected by at least two protective lacquer finishes to ensure it isn't damaged in daily use.
Mercedes-Benz says the solar paint could mean "increased electric range and fewer charging stops." And this is significant, because "Electric vehicle charging and infrastructure are two major obstacles to EV adoption on a mass scale," writes Autoblog — arguing that Mercedes-Benz "may have a solution... " Alternative methods of energy harnessing could help alleviate range anxiety, increase an EV's driving distance, and reduce charging costs across the board. Not only that but considering the cost of producing Mercedes' solar coating and the lack of rare earth metals, it could be the leading solution to charging concerns... While the German automaker says the solar paint isn't ready for production on a mass scale, research, and development are progressing at a steady rate. If all goes well, we'll hopefully see solar coating as an accessory EV charging solution within the next decade.
Thanks to long-time Slashdot reader schwit1 for sharing the news.

The head of America's FCC "has drafted plans to regulate the cybersecurity of telecommunications companies," reports the Washington Post, and the plans could include financial penalties phone network operators with insufficient security — "the first time the agency has asserted such powers under federal wiretapping law." Rosenworcel said the FCC's authority in this matter comes from Section 105 of the Communications Assistance for Law Enforcement Act [passed in 1994] — a single sentence that stipulates, without elaboration, that telecommunications carriers should ensure systems security "in accordance with regulations prescribed by the Commission." As one of the measures, she is seeking to require network providers to submit an annual certification to the FCC that they are implementing a cybersecurity risk management plan. In addition to imposing fines, the FCC could coordinate with other agencies to pursue criminal penalties against carriers deemed too careless on cybersecurity...

Biden administration officials said voluntary efforts to protect against aggressive Chinese hacking activity have fallen short. "We've had for the last decade voluntary public-private partnership efforts," Neuberger told The Post in a recent interview. "But we continue to see successful breaches, and in many cases, as with ransomware attacks, we continue to see pretty basic cybersecurity practices not being followed." With China's hackers becoming more brazen, pre-positioning themselves in U.S. critical networks, "we need to lock our digital doors," Neuberger said...

Cyber requirements can make a difference, she said. After the Colonial Pipeline ransomware attack in 2021 shut down one of the nation's largest energy pipelines for several days, creating a national security scare, the Transportation Security Administration issued several security directives, and today, all of the country's several dozen critical pipeline companies are in compliance, she said. Similar directives were subsequently issued for rail and aviation sectors, and the compliance rates in those industries are now at 68 and 57 percent respectively, she said.

The Verge is applauding Hyundai's electric SUV, the IONIQ 5 for "Fake shifting, real fun." And others agree. "The Ioniq 5 N is also special for how it simulates the 'feel' of gear shifting," writes the blog Inside EVs, "including the jolt and brief interruption in power that happens and the mechanical resistance that's normal upon downshifting.

"The Ioniq 5 N also simulates engine sounds through the speakers, will let you rev the 'engine' while parked and has a 'redline' you'll hit before you need to shift again. It's all great fun." [E]very single person who drives the Hyundai Ioniq 5 N, whether they're a die-hard EV person or the most hardcore electro-skeptic, absolutely loves it. And they love the fake shifting most of all... Shut up and embrace the fake EV shifting, you nerds. Find some joy in your life for once.

And joy will definitely be on order with the new 2025 Kia EV6 GT. The U.S.-spec version of Kia's updated crossover made its debut [November 21] at the L.A. Auto Show. And while there's still a lot we don't know about it, we have power specs and one key detail: the EV6 GT now gets a simulated gear shift feature. "The GT's new Virtual Gear Shift feature enhances driving immersion by simulating gear shifts with visuals, engine sound effects, and a tactile sensation through motor torque adjustments," Kia officials said in a news release.
The Verge points out that Hyundai's Ioniq 5 N even uses speakers — both inside the car and outside — to broadcast the sounds of ignition, a boosted EV sound, and a third sound which "sounds like a robotic version of a fighter jet." Paired with the seemingly endless power and torque offered by the electric motors, I couldn't stop grinning. It's just like a little kid making car noises as they push a Hot Wheels car around a track, but combined with the driving experience in the Ioniq 5 N, it just taps into a pure enthusiast joy. Even kids around my neighborhood stopped and looked when I started the Ioniq 5 N up with the sound management turned on. They'd pull out their phones to take photos and videos as I drove off, happily faking the internal combustion engine experience and knowing I wasn't adding a drop of carbon to the atmosphere.

The Ioniq 5 N just might be the performance EV that will change self-described "auto enthusiast" minds about the electric transition. It's that good.

Hyundai "just had its best sales month ever in the U.S.," reports Electrek Hyundai's impressive EV lineup is charging up demand, with its best-selling Hyundai IONIQ 5 SUV also setting a new U.S. record after sales more than doubled in November. With 76,008 vehicles sold in November, Hyundai's record-breaking U.S. sales streak is not slowing down. Hyundai Motor America CEO Randy Parker credited the growing demand for EVs and hybrid vehicles to the growth.

Hyundai's EV sales rose 77% from last year, while hybrid sales surged 104%. Electrified retail sales (EV, PHEV, and hybrid models) climbed 92% in total last month. Several vehicles, including the Santa Fe HEV, Tucson PHEV, Tucson HEV, and IONIQ 5, had their best-ever sales month.
The article also notes increasing sales for Hyundai's electric SUV, the IONIQ 5. Starting at $43,975 — and recently upgraded to a range of 245 miles (or 318 miles for the $46,550 extended-range model) — it features an NACS port for accessing Tesla's Supercharger network.

The Department of Government Efficiency, headed by Elon Musk and Vivek Ramaswamy, appears to be signaling its intention to tackle daylight saving time. Musk has indicated support for ending semiannual clock changes in recent days on his social media platform X, sharing a poll showing majority opposition to the practice.

DOGE co-head Ramaswamy also backed the stance, calling time changes "inefficient and easy to change."

The initiative follows a failed 2022 legislative attempt, the Sunshine Protection Act, which passed the Senate but stalled in the House. The Department of Transportation, which oversees time changes, cannot alter the system without congressional action.

Public sentiment appears to favor reform, with a 2022 YouGov poll showing two-thirds of Americans support ending time changes. Studies have linked the switches to increased rates of heart attacks and traffic accidents, while JPMorgan Chase research found the return to standard time reduces consumer spending by up to 4.9%. Several countries including Mexico, Russia, and Turkey have already discontinued daylight saving time, which originated during World War I as an energy conservation measure.

India, the world's fifth-largest economy, is offering the heftiest electric vehicle subsidies globally -- yet has achieved just 2% market penetration so far. From a report: India's total EV subsidies amount to 40-50% of vehicle prices when accounting for GST (goods and services tax), road tax benefits, state subsidies and production-linked incentives. For larger vehicles like the Grand Vitara, the effective subsidy reaches 61%.

This dwarfs incentives in other major markets. China's subsidies represent about 10% of EV prices, while South Korea and Germany offer around 16-20%. The US provides roughly 26% through various federal and state programs.

Yet India's EV penetration significantly lags these markets. China has reached 24% penetration, South Korea 18%, Germany 20%, and the US 8%. India's 2% looks particularly stark in comparison.

Transport for London (TfL) has dropped its investigation into how it could introduce driverless trains on the London Underground. From a report: One of the many conditions imposed on TfL during the pandemic to keep services running when most of us were stuck at home was that it would investigate how it could introduce driverless trains on the Underground. TfL was required to produce a business case for converting the Waterloo & City line and Piccadilly line to a DLR-style operation, and in September 2021, it advertised for consultancy work on the project.

It's now been confirmed that the study reached the same conclusion that every other study into the issue has already reported -- it'll cost an awful lot of money for very little benefit. Despite the claims that it would prevent strikes on the tube, the reality is that it wouldn't, as driverless trains would still have staff on board, just as the DLR does, and the DLR still has strikes.

Singapore is positioning itself as a key testing ground for autonomous vehicles, attracting major Chinese firms and establishing unified national guidelines that contrast with fragmented regulations in the U.S. and China.

China's WeRide launched the country's first public autonomous bus service on Sentosa island in June, while multiple companies are deploying self-driving vehicles for logistics and transportation. The controlled rollout aligns with Singapore's strategy to address labor shortages and land constraints.

Singapore topped KPMG's Autonomous Vehicles Readiness Index, with companies citing its political neutrality and stringent safety standards as major draws for testing operations.

Craig Newmark "is alarmed about potential cybersecurity risks in the U.S.," according to Yahoo Finance. The 71-year-old Craigslist founder says "our country is under attack now" in a new interview with Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast.

But Newmark also revealed what he's doing about it: [H]e started Craig Newmark Philanthropies to primarily invest in projects to protect critical American infrastructure from cyberattacks. He told Sozzi he is now spending $200 million more to address the issue, on top of an initial $100 million pledge revealed in September of this year. He encouraged other wealthy people to join him in the fight against cyberattacks. "I tell people, 'Hey, the people who protect us could use some help. The amounts of money comparatively are small, so why not help out,'" he said... The need for municipalities and other government entities to act rather than react remains paramount, warns Newmark. "I think a lot about this," said Newmark.

"I've started to fund networks of smart volunteers who can help people protect infrastructure, particularly [for] the small companies and utilities across the country who are responsible for most of our electrical and power supplies, transportation infrastructure, [and] food distribution.... A lot of these systems have no protection, so an adversary could just compromise them, saying unless you do what we need, we can start shutting off these things," he continued. Should that happen, recovery "could take weeks and weeks without your water supply or electricity."
A web page at Craig Newmark Philanthropies offers more details Craig was part of the whole "duck and cover" thing, in the 50s and 60s, and realizes that we need civil defense in the cyber domain, "cyber civil defense." This is patriotism, for regular people.

He's committed $100 million to form a Cyber Civil Defense network of groups who are starting to protect the country from cyber threats. Attacks on our power grids, our cyber infrastructure and even the internet-connected gadgets and appliances in our homes are real. If people think that's alarmist, tell them to "Blame Craig." The core of Cyber Civil Defense [launched in 2022] includes groups like Aspen Digital, Global Cyber Alliance, and Consumer Reports, focusing on citizen cyber education and literacy, cyber tool development, and cybersecurity workforce programs aimed at diversifying the growing field.
It's already made significant investments in groups like the Ransomware Task Force and threat watchdog group Shadowserver Foundation...

America's Justice Department "has ordered all consensual searches by drug enforcement agents conducted at the nation's airports stopped," reports Georgia's local TV station Atlanta News First — after their series of investigations "uncovered how the agents often search innocent passengers at airport gates, looking for cash." On Thursday, the department made public a November 12, 2024, directive from the deputy attorney general to the U.S. Drug Enforcement Administration (DEA) that it suspend "all consensual encounters at mass transportation facilities unless they are either connected to an ongoing, predicated investigation involving one or more identified targets or criminal networks or approved by the DEA Administrator based on exigent circumstances." The management advisory memorandum was issued by DOJ Inspector General Michael Horowitz.

The memo specifically mentioned the case of an airline passenger interviewed by Atlanta News First Chief Investigator Brendan Keefe, author of the Atlanta News First investigation, In Plane Sight. The award-winning series uncovered how drug agents have been seizing anything over $5,000 if airline passengers can't prove — on the spot — that their own money didn't come from drug trafficking. The government seizes the cash when no drugs are found, without arresting the traveler or charging them with a crime, and the DEA gets to keep the money it seizes.

After witnessing the Atlanta News First series, the passenger in question — who was departing from Cincinnati and heading to New York, where he lives — refused consent to have his bags searched at the gate... "The DOJ Office of the Inspector General (OIG) further learned that the DEA Task Force Group selected this traveler for the encounter based on information provided by a DEA confidential source, who was an employee of a commercial airline, about travelers who had purchased tickets within 48 hours of the travel," the memo said. "The OIG learned that the DEA had been paying this employee a percentage of forfeited cash seized by the DEA office from passengers at the local airport when the seizure resulted from information the employee had provided to the DEA. The employee had received tens of thousands of dollars from the DEA over the past several years."
The news station's investigation "also revealed passengers selected for what the government calls 'random, consensual encounters' are actually profiled by the drug agents who search Black men far more often than any other group of passengers," according to the article.

"The reports analyzed data showing that, for drug agents to find just one passenger with money, they have to publicly search 10 departing passengers."

Longtime Slashdot reader Geoffrey.landis writes: Economist Phillip Kobernick makes the case that the emphasis on fast-charging stations for electric vehicles in the U.S. is misplaced. According to an article from CleanTechnica, he argues that, from an economic standpoint, what we should be doing is installing more slow chargers. All thing equal, who wouldn't choose a 10-minute charge over a 3-hour charge or a 10-hour charge? But all things are not equal.

Superfast chargers are far more expensive than Level 2 chargers, and Level 2 chargers are also significantly more expensive than Level 1 charging infrastructure, which consists of normal electricity outlets. He points out that we get 4-7 times more charging capability installed for the same cost by going with Level 1 charging instead of Level 2. And given that people often just plug in their electric vehicles overnight, Level 1 charging can more than adequately provide what is needed in that time. The case is examined in a podcast on the site.

Baidu's new Apollo Go robotaxi brings significant advances in affordability and scalability that should make U.S. competitors like Waymo a bit nervous, according to The Verge's Andrew J. Hawkins. From the report: The RT6 is the sixth generation of Apollo Go's driverless vehicle, which made its official debut in May 2024. It's a purpose-built, Level 4 autonomous vehicle, meaning it's built without the need for a human driver. And here's the thing that should make US competitors nervous: adopting a battery-swapping solution, the price for one individual RT6 is "under $30,000," Baidu CEO Robin Li said in an earnings call. "All the strengths just mentioned above are driving us forward, paving the way to validate our business model," Li added. [...]

We still don't know the net effect of Baidu's cost improvements. But bringing down the upfront cost of each individual vehicle to below $30,000 will go a long way toward improving the company's unit economics, in which each vehicle brings in more money than it costs. There are still a lot of outstanding costs to consider, such as hardware depreciation and fleet maintenance, but from what Baidu is signaling, things are on the right track. From the looks of it, the company is passing those savings along to its customers. Base fares start as low as 4 yuan (around 55 cents), compared with 18 yuan (around $2.48) for a taxi driven by a human, according to state media outlet Global Times. Apollo Go said it has provided 988,000 rides across all of China in Q3 2024 -- a year-over-year growth of 20 percent. And cumulative public rides reached 8 million in October.

Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. From a report: Spirit, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after working out terms with bondholders.

The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026. The airline said it expects to continue operating normally during the bankruptcy process.

Spirit told customers Monday they can book flights and use frequent-flyer points as they ordinarily would, and said employees and vendors would continue getting paid.

An anonymous reader shares a report: Earlier this year I had one of those encounters which, afterwards, I just couldn't stop thinking about. Eight months and some digging later, I have decided to write about it. My meeting was with an American businessman called Tom Kearney, who was on a pavement in central London one Christmas when he was whacked on the head so hard that he fell to the ground, spent weeks in a coma, and only just survived. Had he been mugged? Not quite. He'd been hit by the giant wing mirror of a London bus.

[...] The most recent data show that 86 people died or were badly injured in bus collisions in London between 10 December 2023 and 31 March 2024. Kearney's analysis of TfL data suggests that around three people a day are hospitalised after bus safety incidents. That doesn't feel good, even though it's tiny in comparison to the 1.8bn annual passenger journeys. Compared with other world cities like New York and Paris the capital's buses rank in the top quartile for financial efficiency but the bottom quartile for collisions per kilometre. And the number of collisions in London has increased in the past couple of years, despite buses travelling fewer miles.

Could this have anything to do with the way that bus contracts prioritise speed? Last week, hundreds of bus drivers marched to TfL headquarters to demand better working conditions and the right to report safety concerns "without fear of retribution from TfL or employers." Drivers described the pressure of long shifts, few breaks and having to drive in sometimes blistering heat, all while being shouted at over a monitor by controllers who want them to make up the time to the next stop, and keep the right amount of distance between their bus and next. It's not surprising that a third of bus drivers, before the pandemic, reported having had a "close call" from fatigue.

With the government about to export the London franchise model to other parts of the country, someone in Whitehall needs to take a look. Michael Liebreich, a former McKinsey consultant who sat on the TfL board for six years, believes that TfL's contracting out model is "institutionally unsafe." Bus drivers are under such pressure, he thinks, that some may break the speed limit and overtake cyclists dangerously.

Nyx is a new reusable space capsule that "safely and affordably carries cargo to and from space stations," according to the web page of its European-based manufacturer, The Exploration Company, "launching from any heavy launcher worldwide."

And the company "just closed a large funding round to further its mission of building Europe's first reusable space capsule," reports TechCrunch — pointing out that right now, "Only two companies currently provide cargo delivery to and from the International Space Station, and both are based in the United States." The $160 million Series B round will fund the continued development of the Nyx spacecraft, which will be capable of carrying 3,000 kilograms of cargo to and from Earth. The company, which was founded three years ago by aerospace engineers Hélène Huby, Sebastien Reichstat, and Pierre Vine, is aiming to conduct Nyx's maiden flight to and from the International Space Station in 2028.

"We are the first company in the world where this is for the first time mainly funded by private investors," Huby said in a recent interview. This is in contrast to SpaceX's Dragon capsule, which she said was "mainly funded by NASA." The new funding, which was led by Balderton Capital and Plural, brings the startup's total funding to date to over $208 million. The Series B also included participation from Bessemer Venture Partners, NGP Capital, and two sovereign European funds, French Tech Souveraineté and DeepTech & Climate Fonds. "We've been able to deliver on promises in the past three years," Huby said. "We've been able to meet our cash target ever quarter ... The investors, they could see that we basically can deliver on time, on cost, on quality."

The startup has made traction with the European Space Agency, which has recognized the need to foster native space launch and transportation capabilities... It's a promising start, but equally promising is the traction The Exploration Company is seeing on the commercial side. Around 90% of the startup's $770 million contract backlog has come from private station developers Vast, Axiom Space, and Starlab, according to recent reporting...

The second sub-scale demonstrator mission, called Mission Possible, is scheduled to launch on a SpaceX Falcon 9 next year.
TechCrunch quotes Huby as saying "I highly respect what SpaceX has been able to achieve.We are trying to learn as much as possible from that, we are inspired by what they have achieved."

In a CNBC interview, Huby says "It's a big market, and it's growing about a bit more than 10% per year because more nations want to fly their astronauts and more nations want to go to the moon. So there is an increased demand for sending people to stations, sending cargo to stations."

"Join us on our mission to democratize access to space," says a home-page link to the company's recruiting page — with a link further down titled "Book a mission."