EOS-X Space Secures $120 Million In Funding Led By Global Emerging Markets

EOS-X Space, a Spanish space tourism company founded and led by CEO Kemel Kharbachi, has raised $120 million (€110 million) in a funding round led by Global Emerging Markets (GEM), valuing the company at $1.2 billion. The company, which offers five-hour helium balloon flights to the edge of space, will use the funds to expand its U.S. operations, increase manufacturing capacity, and develop civilian and military technologies, bringing its total 2026 funding to $260 million ahead of its planned first commercial flights by year-end.

FOUNDER: Kemel Kharbachi

INVESTOR: Global Emerging Markets (GEM)

AMOUNT: $120,000,000 VALUATION: $1,200,000,000

HQ: New York, New York

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