Doha, Qatar: Qatar Investment Authority (QIA) has announced an investment in Axiom Space, a leader in commercial human space exploration.
In a statement, QIA said it raised $350 million in a funding round led by QIA and TypeOne Ventures, with participation from 4iG, LuminArx Capital Management, Axiom Space founder and executive chairman Kam Ghaffarian, and other investors.
Axiom Space is at the forefront of the emerging commercial space exploration field, focused on developing infrastructure and providing advanced technical services that will support human spaceflight, microgravity research, space manufacturing, and orbital data computing for decades to come.
The investment will support the company’s mission to develop Axiom Station, the planned future successor to the International Space Station. The International Space Station (ISS) is developing a next-generation spacesuit for NASA’s Artemis III mission, which will mark America’s first return to the moon in more than 50 years.
The funding, which combines equity and debt components, will support the completion of Axiom Station and production of the Axiom External Mobility Unit (AxEMU) as part of a spacesuit manufacturing contract with NASA.
QIA’s investment in this latest round of funding reflects the company’s approach to partnering with innovative companies in emerging sectors by providing the capital needed to support growth, technological advancement and long-term, sustainable value creation.
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