Seoul, South Korea-headquartered Boryung Co. Ltd. grabbed headlines in 2022 with its strategic redesign to move beyond drug development, announcing that it would invest $10 million in Axiom Space Inc. for a 0.4% stake in the U.S. commercial space station developer. The investment ramped up over the course of a year, with Boryung pouring a total of $60 million into Axiom Space over two financing rounds for a 2.7% stake. Axiom is set to build the world’s first commercial space station.
Axiom Space Closes $350 Million Series C Amid Space Station, Moon Activity
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Axiom Space raises million$$$ with Series-C + billion$ + in customer contracts – SatNews
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Axiom Space Raises $350M at Series-C Close with $2 2B+ in Customer Contracts
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HOUSTON, August 21, 2023 – Axiom Space announced today that it secured $350 million in its Series-C round of growth funding, lifting the total funds raised to…