Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burge

Space station startup Gravitics lands $125 million order from Axiom

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2024-07-09 15:30:07

Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burgeoning private market for orbiting habitats.

"Working with the station operator that will have hardware on orbit soonest is an exciting development," Gravitics CEO and founder Colin Doughan told CNBC.

Axiom is one of several companies building private space stations as NASA plans for the International Space Station to end its time in orbit. Already, Axiom has modules of its space station being built by Italian aerospace contractor Thales Alenia. The Gravitics order adds another "pressurized spacecraft" that would attach to Axiom's station after its planned launch in two years.

The agreement between Axiom and Gravitics, which was founded in 2021, represents the startup's most significant yet. Gravitics previously raised a total of $20 million in venture funding as it looks to make its mark as a manufacturer of private space stations.