Billionaire’s Space Unicorn Axiom Is In Crisis Amid Funding Struggles | Space

With SpaceX and NASA as partners, Axiom pioneered commercial space flight to the International Space Station. Its next act was to be a commercial space station of its own. But missteps, dire financials and delays have sent it spiraling out of trajectory.

By Jeremy Bogaisky, Forbes Staff


Axiom Space, a startup cofounded by billionaire Kam Ghaffarian, has a lofty goal: to build private space stations that allow humans to live and work off-planet en masse.

But lately the Houston-based company has been grappling with a more earthly concern — a struggle for survival. According to internal documents, seven former employees who spoke on the condition of anonymity due to nondisclosure agreements, and space industry experts, a severe cash crunch, business challenges and a cold reception to its latest fundraising efforts have hamstrung Axiom and led to extensive layoffs and pay cuts.

Source www.forbes.com

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