The Starlab design in 2025. Click
for original image.

The consortium led by Voyager Technologies that is building the Starlab space station announced last week that it has obtained a major new investor with more than a billion dollars in assets.

The investor, Seven Grand Managers, is based in New York. The announcement did not specify how much the firm had committed to the Starlab project, but it was clear from this statement that involved significant funds.

“Starlab is being built to be commercially viable from Day One,” said Chris Fahy, founder and chief investment officer, Seven Grand. “Our investment recognizes that commercial infrastructure in the post-ISS era is not speculative, but tangible, bankable and poised for growth. Starlab’s world-class management team and strategic partners are unlocking the beginning of this enormous opportunity.” [emphasis ine]

The highlighted quote suggest Seven Grand was impressed with the Starlab concept, a single very large ready-to-go station launched on Starship. Most of the other stations will involve assembly of multiple modules on multiple launches before they are “ready-to-go.” The only other station launching as a single module, Max Space’s Thunderbird, has only recently entered the race, and is thus far behind.

Starlab had previously raised $383 million in a public stock offering, in addition to the $217.5 million provided by NASA. This new private investment capital further strengthens its future, and suggests the station could get built and launched, even if it fails to win a major station construction contract from NASA.

Below are my rankings of the five American space station projects:

• Haven-1, being built by Vast, with no NASA funds. The company is moving fast, with Haven-1 to launch in 2026 for a three-year period during which it will be occupied by four 2-week-long manned missions. The company is already testing an unmanned small demo module in orbit. By flying actual hardware and manned missions it hopes this will put it in the lead to win NASA’s phase 2 contract to build its much larger multi-module Haven-2 station. It has also made preliminary deals with Colombia, Uzbekistan, Japan, and the Maldives possible astronaut flights to Haven-1.
• Axiom, being built by Axiom, has launched four tourist flights to ISS, with the fourth carrying government passengers from India, Hungary, and Poland. The rumors of cash flow issues seem to have been alleviated with an infusion of $100 million from Hungary’s telecommunications company 4iG. The development of its first two modules has also been proceeding more or less as planned, with the first’s hull completed and presently undergoing testing. It has also signed Redwire to build that module’s solar panels.
• Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with extensive partnership agreements with the European Space Agency and others. Though no construction has yet begun on its NASA-approved design, it has raised $383 million in a public stock offering, the $217.5 million provided by NASA, and an unstated amount from private capital. It has also begun signing up a number of companies to build the station’s hardware.
• Thunderbird, proposed by the startup Max Space. It is building a smaller demo test station to launch in ’27 on a Falcon 9 rocket, and has begun work on its manufacturing facility at Kennedy in Florida. Its management includes one former NASA astronaut and one former member of the Bigelow space station team that built the first private orbiting inflatable modules, Genesis-1, Genesis-2, and BEAM (still operating on ISS).
• Orbital Reef, being built by a consortium led by Blue Origin and Sierra Space. This station looks increasingly dead in the water. Blue Origin has built almost nothing, as seems normal for this company. And while Sierra Space has successfully tested its inflatable modules, including a full scale version, its reputation is soured by its failure in getting its Dream Chaser cargo mini-shuttle launched.