Overview

Axiom Space provides human spaceflight services and is developing infrastructure for space travel. The company conducts missions to the International Space Station (ISS) and is working on its own commercial space station, the Axiom Station. Axiom Space also creates advanced spacesuits designed for use in low-Earth orbit and beyond. Its clients include private individuals and national astronauts, and the company aims to change how humans live and work in space by offering unique experiences that contribute to civilization's advancement. Axiom Space's business model includes end-to-end space missions, which cover training, launch, and return, as well as future access to the Axiom Station. The company generates revenue from these missions and plans to profit from the development and sale of its next-generation spacesuits. Axiom Space is currently building the first commercial space station and a new type of spacesuit in collaboration with NASA and Thales Alenia Space.

Simplify's Take

What believers are saying

• Axiom Space plans to launch orbital data centers, enhancing space-based computing capabilities.
• The partnership with Red Hat positions Axiom at the forefront of space-based cloud computing.
• Investment in new facilities in Webster, Texas, shows commitment to growth and infrastructure.

What critics are saying

• Competition from SpaceX and Blue Origin may impact Axiom's market share and pricing.
• Delays in Axiom Station construction could lead to financial strain and client trust issues.
• Dependency on partners like Red Hat and Kepler Communications introduces service disruption risks.

What makes Axiom Space unique

• Axiom Space is building the first commercial space station, the Axiom Station.
• The company offers end-to-end space missions, including training, launch, and return services.
• Axiom Space collaborates with Prada for innovative spacesuit designs, merging fashion with functionality.

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Funding

Total Funding

$550M

Above

Industry Average

Funded Over

4 Rounds

$350,000,000

Series C

Aug 2023

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$350M

View all funding stages