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Axiom Space Raises $130 Million for Commercial Space Station

February 16, 2021
Topics:Axiom SpaceBiotech & HealthC5 CapitalFundingHoustoninternational space stationouter spaceSpaceSpacespace stationspace tourismspaceflightSpaceXStartupsStartups
Axiom Space Raises $130 Million for Commercial Space Station

Axiom Space Secures $130 Million in Series B Funding

Axiom Space, a relatively new entrant in the space industry, has successfully closed a $130 million Series B funding round. This investment signifies strong investor belief in the company’s ambitious objectives.

Expanding Access to Space

Founded in 2016, Axiom Space has quickly gained recognition for its innovative approach to space exploration. The company’s team comprises seasoned space professionals with extensive experience on the International Space Station (ISS).

Axiom’s long-term vision involves transitioning from adding privately developed modules to the ISS to establishing entirely independent, commercial on-orbital platforms.

First Private Astronaut Mission

Axiom Space is preparing for a landmark event: its inaugural private astronaut launch to the ISS. Scheduled for next January, the mission will utilize a SpaceX Dragon spacecraft and a Falcon 9 rocket.

Axiom is serving as the mission provider, facilitating the arrangement for the private space travelers and overseeing their training and mission planning. This will mark the first instance of a crew composed solely of private citizens reaching the space station.

Beyond Research: Entertainment in Space

The company is also exploring opportunities in the entertainment sector. Discussions were held with Tom Cruise regarding filming portions of a future movie on the ISS.

Furthermore, Axiom is collaborating with a production company to develop a reality competition show. The prize will be a coveted seat on a private flight to the ISS.

A Key Industry Connector

Axiom Space is positioning itself as a crucial link between private human spaceflight and the established space infrastructure. It collaborates with both governmental organizations, such as NASA, and private companies like SpaceX.

The company’s focused strategy and accumulated expertise provide a strong foundation for success in this rapidly evolving market.

Future Development and Funding

This latest funding will be allocated to expanding Axiom’s workforce and accelerating the construction of its forthcoming private space station modules. The company, based in Houston, plans to attach its initial ISS modules to the station by 2024.

To date, Axiom Space has raised a total of $150 million to support its ambitious goals.

  • Funding Amount: $130 million (Series B)
  • Lead Investor: C5 Capital
  • Founded: 2016
  • Total Funding to Date: $150 million