{"id":21904,"date":"2023-08-27T01:43:30","date_gmt":"2023-08-26T17:43:30","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/axiom-space-secures-350m-funding-to-propel-vision-of-commercial-space-exploration\/"},"modified":"2023-08-27T01:43:30","modified_gmt":"2023-08-26T17:43:30","slug":"axiom-space-secures-350m-funding-to-propel-vision-of-commercial-space-exploration","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/axiom-space-secures-350m-funding-to-propel-vision-of-commercial-space-exploration\/","title":{"rendered":"Axiom Space secures $350M funding to propel vision of commercial space exploration"},"content":{"rendered":"
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Early prototype of Axiom\u2019s spacesuit for NASA\u2019s Artemis and ISS programs. Image: Axiom Space<\/figcaption><\/figure>\n

\u201cWe are honored to team with investors like Aljazira Capital, Boryung, and others, who are committed to realizing the Axiom Space vision,\u201d said Axiom Space CEO and president Michael Suffredini in an August 21 press release. \u201cTogether, we are working to serve innovators in medicine, materials science, and on-orbit infrastructure who represent billions of dollars in demand over the coming decade. We are building on the legacy of the International Space Station, leveraging the pillars that were constructed in low-Earth orbit more than two decades ago, to now support a burgeoning global space economy.\u201d<\/p>\n

Aljazira Capital, a Saudi investment firm under Bank Al Jazira, and Boryung Pharmaceutical have both demonstrated keen interest in Axiom Space. Boryung\u2019s previous $50 million investment in the company marked it as a \u201cmulti-round lead investor.\u201d <\/p>\n

Join our Discord Server: Join the community with forums and chatrooms about space!<\/p>\n

Naif AlMesned, CEO and managing director of Aljazira Capital, highlighted the firm\u2019s alignment with Saudi Vision 2030\u2019s transformative approach and support for Axiom Space\u2019s journey in pioneering beyond our planet. <\/p>\n

Despite the challenges faced by the space technology funding landscape, Axiom Space\u2019s success story stands out. The sector witnessed a significant uptick in 2021, reaching an impressive record of $12.1 billion in funding across more than 450 deals. <\/p>\n

Although there was a moderate decline in venture funding the following year, space technology startups still managed to raise a substantial $9 billion in just under 400 deals. <\/p>\n

Overall, Axiom Space hosts an impressive portfolio of customer contracts exceeding $2.2 billion, with NASA\u2019s spacesuit award being a prominent component. The completion of the Series-C funding round pushes the company\u2019s total raised funds to an impressive sum of over $505 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Early prototype of Axiom\u2019s spacesuit for NASA\u2019s Artemis and ISS programs. Image: Axiom Space \u201cWe are honored to team with investors like Aljazira Capital, Boryung, and others, who are committed to realizing the Axiom Space vision,\u201d said Axiom Space CEO and president Michael Suffredini in an August 21 press release. \u201cTogether, we are working to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-21904","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/21904"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=21904"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/21904\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=21904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=21904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=21904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}