Lead Engineer Jim Stein dons the new spacesuit at the Axiom Space Artemis III Lunar Spacesuit Event at Houston Space Center, Houston, Texas, March 15, 2023. Due to the extreme heat exposure, the cover layer is currently used for display purposes only to hide the suit’s unique design,” Axion said in a press release.
Mark Felix | AFP | Getty Images
Space company Axiom has raised $350 million in a round led by Saudi-owned Al Jazira Capital and South Korean healthcare investment firm Boryeong, the company said Monday.
Houston-based Axiom trains and flies private and government astronauts for missions to the International Space Station through launches with SpaceX. It develops manned spaceflight technology such as commercial space stations and lunar spacesuits.
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The company said the investment will further accelerate its development efforts. Axiom said Monday that it has more than $2 billion in customer contracts to date. It has flown two crew members to the ISS, including the recently completed Ax-2 mission, and is working to launch its first space station module by 2026.
Naif Armesned, CEO and managing director of Al Jazira Capital, said in a statement that the support for Axiom “is in line with the transformative approach of Saudi Vision 2030.”
