Axiom Space raises $350 million from Saudi and Korean investors

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Chief Engineer Jim Stein wears the caller spacesuit during the Axiom Space Artemis III Lunar Spacesuit lawsuit astatine Space Center Houston successful Houston, Texas, connected March 15, 2023. - "Since a spacesuit worn connected the Moon indispensable beryllium achromatic to bespeak vigor and support astronauts from utmost precocious temperatures, a screen furniture is presently being utilized for show purposes lone to conceal the suits proprietary design, " Axion said successful a property release.

Mark Felix | Afp | Getty Images

Space institution Axiom raised $350 cardinal successful a circular that was led by Saudi-owned Aljazira Capital and Korean healthcare concern steadfast Boryung, the institution announced connected Monday.

Houston-based Axiom trains and flies some backstage and authorities astronauts connected missions to the International Space Station via launches with SpaceX. It's processing quality spaceflight technologies including a commercialized abstraction presumption and a lunar spacesuit.

The institution said the concern volition further its improvement efforts. It has implicit $2 cardinal successful lawsuit contracts to date, Axiom said Monday. Its flown 2 crews to the ISS, including the recently completed Ax-2 mission, and is moving to motorboat its archetypal abstraction presumption module by 2026.

In a statement, Aljazira Capital CEO and managing manager Naif Almesned said backing Axiom is "in enactment with the Saudi Vision 2030's transformative approach."

NASA's $3.5 cardinal  declaration  has it renting its next-generation spacesuits

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