Axiom Space has raised $350 million in new financing to advance development of its commercial space station and lunar spacesuits, the human space exploration company said Thursday.
How Will Axiom Space Use the Funding?
The investment will advance Axiom Station, intended to succeed the International Space Station, or ISS, and support production of the Axiom Extravehicular Mobility Unit for NASA’s lunar exploration efforts. Axiom is building commercial infrastructure in low-Earth orbit, or LEO, to enable human spaceflight, microgravity research, manufacturing and data operations after the ISS retires.
The combined equity and debt financing underscores investor confidence in the company’s strategy to shift orbital operations from government-led platforms to commercially operated systems.
Who Participated in the Round?
The funding round was led by Type One Ventures and Qatar Investment Authority, or QIA, with participation from 1789 Capital, 4iG, LuminArx Capital Management and other companies. Kam Ghaffarian, founder and executive chairman of Axiom, also invested in the round. J.P. Morgan served as the sole placement agent for the transaction.
“The continued backing of strategic partners and world-class institutional investors like QIA reinforces the strength of our vision as we lead the transition to a commercial space economy in low-Earth orbit,” said Ghaffarian.
Building on Earlier Financing
In August 2023, Axiom Space secured $350 million in Series C funding led by Aljazira Capital and Boryung to advance development of its commercial low-Earth orbit platform, Axiom Station. The raise brought the company’s total investor backing to more than $505 million, as it prepares to launch the station’s first module to the ISS as early as 2026.
