2/16/2021, 4:06 PM (Source: TeleTrader)
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Axiom Space 'way past point' of becoming unicorn - CEO

Axiom Space, the developer of the world's first commercial space station, announced on Tuesday it raised $130 million in its latest round of funding. The company did not disclose its specific valuation, but CEO Michael Suffredini told CNBC it is now "well past the point" of becoming a unicorn, which means it is valued at over $1 billion.

"The new financing will accelerate the growth of Axiom's workforce and construction of its privately developed space station. The Axiom Station will serve as the central pillar of a thriving network of commerce in Earth's orbit – a linchpin of a space economy that Bank of America and Morgan Stanley both project could be valued at more than $1 trillion in the next few decades," Axiom said in a press release.

Earlier this year, the company revealed that it plans to send the first-ever private astronaut crew to the International Space Station (ISS) in 2022 to "promote their philanthropic endeavors and conduct scientific research on behalf of organizations they support."

Baha Breaking News (BBN) / NP