Axiom Space raises $350 million from Saudi and Korean financiers

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NASA's $3.5 billion contract has it renting its next-generation spacesuits

Revealed: The Secrets our Clients Used to Earn $3 Billion

Chief Engineer Jim Stein uses the brand-new spacesuit throughout the Axiom Space Artemis III Lunar Spacesuit occasion at Space Center Houston in Houston, Texas, on March 15,2023 – “Since a spacesuit worn on the Moon must be white to reflect heat and protect astronauts from extreme high temperatures, a cover layer is currently being used for display purposes only to conceal the suits proprietary design, ” Axion stated in a news release.

Mark Felix|Afp|Getty Images

Space business Axiom raised $350 million in a round that was led by Saudi- owned Aljazira Capital and Korean health-care financial investment company Boryung, the business revealed Monday.

Houston- based Axiom trains and flies both personal and federal government astronauts on objectives to the International Space Station by means of launches with Space X. It’s establishing human spaceflight innovations consisting of an industrial spaceport station and a lunar spacesuit.

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The business stated the financial investment will enhance its advancement efforts. It has more than $2 billion in client agreements to date, Axiom statedMonday It’s flown 2 teams to the ISS, consisting of the just recently finished Ax -2 objective, and is working to introduce its very first spaceport station module by 2026.

In a declaration, Aljazira Capital handling director and CEO Naif Almesned stated support Axiom is “in line with the Saudi Vision 2030’s transformative approach.”