With Saudi-Korean funding, the space company "Axiom" raises $350 million

With Saudi-Korean funding, the area firm “Axiom” raises $350 million

World By Aug 21, 2023 No Comments

Aerospace firm Axiom has raised $350 million in a funding spherical led by Saudi Arabia’s Al Jazeera Capital and Boryung Funding Firm, a Korean firm specializing in healthcare, in line with an announcement by the corporate in the present day, Monday.

Headquartered in Houston, Axiom trains and pilots personal and authorities astronauts on missions to the Worldwide House Station by way of flights with SpaceX. It additionally develops human spaceflight applied sciences together with a business area station and a specialised spacesuit for the lunar floor.

The corporate acknowledged that the funding will enhance its growth efforts, including: “It has greater than two billion {dollars} in buyer contracts up to now. Two crews have been transferred to the Worldwide House Station, together with the just lately acquired (Ax-2) mission, and it’s working to launch the primary area module.” it by 2026.

Nayef Al-Misnad, Managing Director and CEO of “Al-Jazira Capital”, stated that “Axiom’s help is consistent with the transformative method of Saudi Imaginative and prescient 2030.”

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