SUMMARY
- Axiom Space secures massive $350 million in latest funding round.
- Houston-based company collaborates with SpaceX, aiming for more space milestones.
- Aljazira Capital's investment reflects Saudi's transformative "Vision 2030".
Axiom, a space pioneer, recently boosted its coffers with a whopping $350 million, courtesy of an investment round championed by the Saudi's Aljazira Capital and Korea's Boryung, a healthcare investment mogul.
Located in Houston, Axiom is no ordinary company. It's in the elite league of organizations that coach both private and government astronauts, sending them off to the International Space Station via collaborations with SpaceX. What's more, they're deep in the exciting world of inventing the next-gen human spaceflight goodies, like a business-oriented space station and a moon-ready spacesuit.
The fresh infusion of funds isn't just for show. Axiom plans to channel this into more innovative ventures, and why wouldn't they? With an impressive portfolio that boasts of over $2 billion in customer contracts, the company is on a roll. They've already sent two full crews on a rendezvous with the ISS, one of which was the much-talked-about Ax-2 mission. And they're not stopping there. Plans are already underway to unveil their inaugural space station module within the next three years.
But why, one might wonder, did Aljazira Capital and Boryung invest such a hefty sum in Axiom? The answer lies in the words of Aljazira Capital's top honcho, CEO and Managing Director Naif Almesned. He mentioned that this move seamlessly aligns with "Saudi Vision 2030", a transformative strategy. This vision is an ambitious road map by Saudi Arabia, aiming to diversify its economy, shift from its oil-centric revenue model, and pave the way for more sustainable growth. Supporting companies like Axiom that are at the forefront of space technology and innovation echoes this broader vision.
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