Axiom Space, a Houston, TX-based provider of human spaceflight services and developer of human-rated space infrastructure, raised $350M in Series C funding.
The round, which brought the total amount to $505M, was led by Aljazira Capital and Boryung Co. with support from venture capital funds and brand partners.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2016 by Michael Suffredini and Kam Ghaffarian, Axiom Space provides human spaceflight services and develops human-rated space infrastructure. It operates end-to-end missions to the International Space Station today while developing its successor, Axiom Station, a commercial space station in low-Earth orbit. Its first module is under construction and is scheduled to launch to the ISS by 2026. Additional modules will follow to build out Axiom Station, which will be ready to separate from the ISS and operate independently, in support of customers around the world, by 2031 when NASA plans to retire the ISS.
The company has built a track record of strategic partnerships and expanded their business operations, winning NASA’s port award attaching its first commercial space station module to the ISS, and securing a long-term NASA contract worth $1.26 billion to provide Exploration Extravehicular Activity Services (xEVAS) spacesuits for the Moon and LEO. Guaranteed payments from these task orders total about $370 million, increasing with each new task order received.
