The 22 Largest Global Startup Funding Rounds of Q3 2023 – AlleyWatch alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.
Houston s Axiom Space raises $130M to build commercial space station
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Houston-based Axiom Space raised $130 million in Series B funding to help build a commercial space station.
Axiom was selected by NASA in January 2020 to develop a commercial space station module that will initially attach to the existing International Space Station. This first module is set to launch in 2024, and then additional Axiom modules will be added to provide areas for housing, research and manufacturing.
The station is expected to cost roughly $2 billion. Axiom is funding this through private investment and revenue from providing full-service human spaceflight missions, as well as its research customers and brand partnerships. In January, the company unveiled its first three private crew members who will each pay $55 million to go to space.
Axiom Space boosts station plans with $130m funding
Houston-based Axiom Space, which is aiming to develop the first commercial space station, has raised $130m in Series B funding.
The financing will accelerate the growth of Axiom’s workforce and the construction of its privately developed space station, says the company.
The idea is that Axiom Station will serve as a centre for commerce in Earth’s orbit. The company quotes the Bank of America and Morgan Stanley as valuing the potential for a space economy in the region of $1 trillion “in the next few decades”.
The round was led by C5 Capital and includes TQS Advisors, Declaration Partners, Moelis Dynasty Investments, Washington University in St. Louis, The Venture Collective, Aidenlair Capital, Hemisphere Ventures, and Starbridge Venture Capital.
Axiom Space lève 130 millions de dollars dans le cadre d un financement de série B prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.