The Axiom Extravehicular Mobility Unit spacesuit in testing at NASA’s Johnson Space Center. Photo: NASA/Bill Stafford

Commercial space station company Axiom Space raised $350 million in a mix of equity and debt. The funds will support the company’s work on the Axiom Station, along with spacesuit design for NASA. 

Type One Ventures and Qatar Investment Authority (QIA) co-led the round, which also included 1789 Capital, Hungarian company 4iG, LuminArx Capital Management, and others. Axiom Space founder and Executive Chairman Kam Ghaffarian also participated in the round.

4iG Space and Defence previously announced it finalized an agreement with Axiom to invest $100 million, to be completed by March 31. István Sárhegyi, CEO of 4iG Space and Defence, recently spoke with Via Satellite, saying the investment strengthens Hungary’s space collaboration with the U.S., and 4iG looks to join Axiom Space’s orbital data center program. 

Axiom announced the round on Feb. 12 and did not specify the ratio of equity and debt in the funding.   

Axiom conducts private crewed spaceflights to the International Space Station on SpaceX’s Dragon capsule, in partnership with NASA. Axiom Mission 4 took place last year, and NASA recently ordered the Axiom 5 mission, targeted for January 2027. 

The company is building Axiom Station, one of the commercial successors to the ISS currently in development. It is also under contract with NASA for AxEMU (Axiom Extravehicular Mobility Unit), next-generation spacesuit for Artemis missions. 

NASA announced Feb. 12 that Axiom Space completed its own technical review of the AxEMU. NASA will now evaluate whether the spacesuit is ready for the agency’s Artemis III mission to the Moon.