[en] X-ray emission in the range from 0.2 to 1.6 keV has been detected from an area of the sky which contains the binary star system Capella. The X-ray source is at most a few arc minutes in extent and shows no spectral turnover at low energy, consistent with a nearby source. We suggest Capella as the source of this emission and that this object belongs to a new class of galactic X-ray sources with a luminosity of 10³¹-10³⁴ ergs s/sup -1/. Emission from this class of objects is variable, predominantly below 2 keV, and originates from nearby stellar objects