spacetoday.net: Axiom Space raises $350 million

Axiom Space raises $350 million

Posted: Fri, Aug 25, 2023, 7:14 PM ET (2314 GMT)
Commercial space station developer Axiom Space has raised $350 million. The company said Monday its Series C round was led by Saudi Arabian investment bank Aljazira Capital and South Korean pharmaceutical company Boryung Co., Ltd., with participation from a "diverse array" of other investors. The funding will allow Axiom to continue development of a series of commercial modules it will start installing on the International Space Station by 2026, which will later separate and form the core of a commercial station. Axiom also has a NASA contract to develop spacesuits for the ISS and Artemis. Axiom has now raised more than $505 million.