Axiom Space said on Thursday it had raised $350 million in new financing to support construction of a commercial space station intended to succeed the International Space Station (ISS) and to advance development of next-generation spacesuits for future U.S. lunar missions.
The funding round was co-led by Type One Ventures and the Qatar Investment Authority, with additional participation from investors including 1789 Capital, 4iG, LuminArx Capital Management and others. Company founder and Executive Chairman Kam Ghaffarian also invested, while J.P. Morgan served as sole placement agent.
The financing package includes both equity and debt and reflects continued investor interest in companies seeking to expand commercial activity in low Earth orbit as governments prepare for the eventual retirement of the ISS.
“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,” Ghaffarian said. “We are proud to welcome them as partners in building humanity’s future off planet.”
Axiom Space is developing Axiom Station, a privately operated orbital outpost designed to host astronauts, research, manufacturing and other commercial activities. The company also holds a NASA contract to produce the Axiom Extravehicular Mobility Unit (AxEMU), a spacesuit intended for use on the Artemis program’s planned return of U.S. astronauts to the Moon.
Investors said the company’s combination of government partnerships and commercial ambitions positions it prominently in the emerging market for in-orbit infrastructure. “Axiom Space isn’t just building hardware, it’s building the backbone of humanity’s next era in orbit,” said Tarek Waked, founding general partner at Type One Ventures.
Proceeds from the financing will support continued development of the Axiom Station modules as well as production of the AxEMU spacesuits, which are expected to be used during lunar surface operations later this decade.
The funding underscores growing competition among private companies to shape the next phase of human spaceflight, as space agencies increasingly rely on commercial partners to provide infrastructure and services beyond Earth.
