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NASA wants to deorbit the International Space Station before the end of this decade.
The space agency and Congress want a commercial replacement in orbit before the ISS is trashed in the Pacific Ocean.
Axiom Space, a startup founded by a former NASA executive, is working to build, launch, and assemble AxStation, an all-private outpost.
Michael López-Alegría a former NASA astronaut and Axioms vice president of business development says use of the new station would cost a fraction of the $3.5 billion NASA spends each year. That just makes good economic sense, López-Alegría told Insider, noting NASA could use the savings on deeper-space exploration of the moon, Mars, and beyond.