Axiom Space Secures $350 Million Investment from Saudi and Korean Investors

Axiom Space, a Houston-based space company, has raised $350 million in funding from Saudi-owned Aljazira Capital and Korean healthcare investment firm Boryung. The investment will support Axiom's development efforts, including the creation of a commercial space station and a lunar spacesuit. The company has already flown two crews to the International Space Station and has over $2 billion in customer contracts. Axiom aims to launch its first space station module by 2026.