EOS-X Space

Space Tourism · Aerospace · Defense Tech

Funding

EOS-X Space raises $120M at $1.2B valuation before first balloon flight

Hitting its own revenue targets would require EOS-X to fly more than once a day, every day of the year.

• EOS-X Space raised $120M (€110M) led by Global Emerging Markets, valuing the Spanish balloon-tourism and defense startup at $1.2 billion ahead of its first commercial flight.
• EOS-X flies passengers in pressurized helium balloon capsules to about 40km altitude for five-hour trips, seating eight to nine people including the pilot at roughly $200,000 a ticket.
• The round follows a $140M Series D closed in May, pushing EOS-X's 2026 fundraising total to $260M earmarked for US expansion, industrial capacity, and civil/military aerospace programs.
• The $1.2B mark is roughly five times the $230M valuation EOS-X claimed in July 2025 after acquiring US rival Space Perspective, per Dealroom.
• EOS-X is targeting a $4.5B valuation for a planned dual listing on the NYSE and London Stock Exchange, aiming for a New York debut in Q2-Q3 2027 with Bank of America Merrill Lynch as lead bank.
• The round underscores a surge of capital into dual-use space ventures blending tourism with defense tech, but EOS-X's business plan implies more than 400 flights a year — over one a day — to hit its own revenue targets.