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Axiom Space completed an internal technical review of the AxEMU and NASA will evaluate the suit’s readiness for Artemis III.
Axiom Space is headquartered in Houston, Texas.
Axiom Space currently operates private crewed missions to the International Space Station using SpaceX Crew Dragon vehicles.
Axiom plans to launch a habitable module that will remain in orbit until the PPTM undocks from the ISS and docks to the habitat, creating a free-flying commercial station with capacity for four crews before the ISS retirement.
Axiom Mission 4 took place last year.
Axiom Space will use the financing to support parallel development of orbital infrastructure and extravehicular activity systems.
Some funds from Axiom Space’s latest investment round will be used to develop mission operations capabilities to support AxEMU applications in low Earth orbit and on the lunar surface.
Axiom Space did not specify the ratio of equity and debt in the funding round.
Axiom Space’s financing and programs reflect a broader shift of space agencies assigning development of critical human exploration assets to the private sector.
The $350 million funding will support Axiom Space’s work on the Axiom Station and spacesuit design for NASA.
Axiom Space raised $350 million in a mix of equity and debt.
Kam Ghaffarian, Axiom Space founder and Executive Chairman, participated in the funding round.
NASA ordered the Axiom 5 mission, which is targeted for January 2027.
Axiom Space's AxEMU spacesuits are on track to be ready ahead of NASA’s Artemis III mission to the Moon.
Axiom Space’s $350 million funding round included participation from 1789 Capital, 4iG, LuminArx Capital Management, and other investors.
In early 2024 Sweden’s Marcus Wandt became the first of the 12 ESA reserve astronauts to secure a mission to the International Space Station on an Axiom-sponsored SpaceX Crew Dragon flight.
Axiom Space conducted Axiom Mission 3 (Ax-3) in January 2024.
Axiom Space completed its own technical review of the AxEMU as of Feb. 12.
Axiom Space’s AxEMU spacesuits are in the critical design phase and are expected to be delivered to NASA in 2027.
NASA signed an order with Axiom in 2021 for the agency’s first private astronaut mission to the ISS.