Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant, with people increasingly swapping out their cable TV subscriptions for streaming platforms.

Comcast is spinning off MSNBC, CNBC, USA Network, E!, Syfy, Fandango, and Rotten Tomatoes to form a new company.

The Exploration Company (TEC) has raised $160 million in a Series B funding round. The startup is developing Nyx, a reusable and in-orbit refillable spacecraft for transporting space cargo.