Axiom Space Secures $350M
Axiom Space raises $350 million led by Type One Ventures and Qatar Investment Authority, accelerating development of its commercial space station and NASA's next-generation lunar spacesuits.
Axiom Space has closed a $350 million financing round to accelerate two of the most critical programs in human spaceflight - a commercial replacement for the International Space Station and next-generation spacesuits for NASA's return to the Moon.
$350M
New Financing
Equity and debt
5
Station Modules
On assembly roadmap
700+
Hours Tested
AxEMU crewed testing
2028
First Module Launch
PPTM target date
Inside the Funding Round
The round, announced on February 12, was co-led by Type One Ventures and the Qatar Investment Authority (QIA), Qatar's sovereign wealth fund. Additional investors include 1789 Capital, Hungarian IT company 4iG, LuminArx Capital Management, and Axiom founder and Executive Chairman Kam Ghaffarian. The financing includes both equity and debt components, though the company's valuation was not disclosed.
This marks Axiom's second $350 million raise in recent years, following an August 2023 round led by Aljazira Capital and Boryung Co., Ltd. The fresh capital underscores growing investor confidence in the commercial space station market as the ISS approaches retirement.
Building the ISS Successor
The bulk of the funding will support development of Axiom Station, the company's planned commercial space station in low Earth orbit. Axiom is targeting a 2028 launch for its first module - the Payload Power Thermal Module (PPTM) - which will initially berth to the ISS.
The result would be a continuously habitable, four-crew capable free-flying space station operational before the ISS is retired.
Five modules are currently on Axiom Station's assembly roadmap, including two habitat modules, a research and manufacturing facility, and a windowed observatory.
Lunar Spacesuits on Track for Artemis
A portion of the funding will also support production of the Axiom Extravehicular Mobility Unit (AxEMU), the next-generation spacesuit Axiom is building under contract with NASA for the Artemis program. The suit has reached several key milestones heading into 2026:
- Over 700 hours of crewed pressurized testing completed
- First dual-suit run finished at NASA's Neutral Buoyancy Laboratory
- Parts for the first flight unit now being received, with assembly planned for spring 2026
- Critical design sync review underway with NASA
The AxEMU is designed to fit at least 90% of the US male and female population, offering improved range of motion for exploring the lunar surface.