It would be easy to be cynical about a German-French startup named The Exploration Company, which aims to build an increasingly sophisticated lineup of spaceships that could one day launch astronauts into orbit.

After all, European space startups don't have the greatest track record, and even with billions of dollars, one of the world's leading aerospace companies, Boeing, has failed so far to deliver a fully space-worthy human vehicle. Space is hard; human spaceflight is harder. So when a European startup shows up with grandiose plans, one's natural inclination might be to dismiss them.

That's more or less how I felt before I spoke with the founder of The Exploration Company, Hélène Huby, this week. She was surprisingly frank about the difficulties in pulling this off and shrewd about her political assessment of why now might just be the time for a new generation of European spacecraft.

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