Starlab design as of December 2025

The consortium building the Starlab space station today announced that the investment firm 1789 Capital has made a “strategic investment” in the station’s construction, though neither would state the amount of that investment.

Starlab Space Stations and 1789 Capital announced 1789 Capital’s strategic investment in Starlab. The investment reflects mounting confidence that Starlab — the U.S.-led joint venture, next-generation commercial space station — represents a durable and commercially grounded cornerstone of the post-International Space Station (ISS) low-Earth orbit (LEO) economy.

…“America built the space age and must lead the next one,” said Omeed Malik, founder and president, 1789 Capital. “We invest in the next chapter of American exceptionalism, and Starlab is turning that vision into reality.” The firm’s investment in Starlab reflects its thesis that critical infrastructure — from the digital to the orbital — represents a generational opportunity where national interest and investor returns are aligned.

When asked, Starlab’s press office simply said “We are not disclosing the value at this time.” This has been the company’s policy when it comes to private investment. In January 2026 it announced another major investor without disclosing the amount invested.

Nonetheless, this new investment strengthens Starlab’s overall position, even if that support is tentative. In my rankings below of the five stations under development, Starlab, Vast, and Axiom remain essentially tied for first place..

• Haven-1 and Haven-2, being built by Vast, with no NASA funds. The company plans to launch its single module Haven-1 demo station in 2027 for a three-year period during which it will be occupied by at least four 2-week-long manned missions. It also plans a manned mission to ISS in ’28. The company has already tested an unmanned small demo module in orbit. It has also made preliminary deals with Lithuania, Colombia, Uzbekistan, Japan, the Czech Republic, and the Maldives for possible astronaut flights to Haven-1. It has also raised more than a billion in cash for this work.
• Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with extensive partnership agreements with the European Space Agency, Mitsubishi, 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 station customers, as well as a number of companies to build the station’s hardware. It also plans a mission to ISS in ’28.
• Axiom, being built by Axiom, has launched four tourist flights to ISS, with the fourth carrying government passengers from India, Hungary, and Poland. A fifth mission is now planned for ’27. The company has now raised $450 million in private investment capital. Thales Alenia in Europe has been building its first two modules, with the first to launch in 2028 (though recent rumors of corrosion issues might cause a delay). It has also signed Redwire to build that module’s solar panels.
• 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 to ISS.