Voyager completes purchase of Astrobotic; obtains $250 million credit line

Starlab design as of December 2025
Starlab design as of December 2025

The space station startup Voyager Technologies — the lead company in the consortium building the Starlab space station — has in the past week made major moves to solidify its financial situation as well as diversify its holdings.

First, it announced it had “closed a $250 million credit facility led by J.P. Morgan.”

The upsized facility expands Voyager’s financial flexibility, providing liquidity at scale to support accelerating customer demand across the company’s space, defense and national security portfolio.

I don’t claim to understand the jargon of the banking business, but I think this translates into a $250 million credit line with J.P. Morgan, giving Voyager access to cash when it needs it. The collateral for this credit line is probably based on the undisclosed capital investment the company obtained in January and May 2026. It also provides us a good indication of the amount of capital obtained in those earlier announcements.

Next, Voyager announced today that it has completed its acquisition of the lunar lander startup Astrobotic, first revealed in early June. In doing so, it also noted the new $298 million contracts NASA had issued to Astrobotic on June 30, 2026 for two more Peregrine lunar landers.

The Astrobotic subsidiary will now operate under the name Voyager Lunar Systems.

These announcements once again strengthen the position of Voyager and its Starlab station in the competition to win a construction contract under NASA’s station program.

My updated ranking of the five American space stations presently under development:
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NASA requests space stations bids from industry

The American space stations under development

Having abandoned its short-lived NASA-built core module concept due to industry opposition, NASA is now requesting new proposals from the private sector for its space station program to replace ISS.

Based on industry’s input, NASA will proceed with its original plan to procure commercial services through FAR-based contract(s) awarded via full and open competition. Industry has indicated there is significant capital investment behind this approach and expressed high confidence in their ability to attract additional capital investment and expand future market opportunities after NASA makes an award.

NASA intends to award firm-fixed-price, multi-award, indefinite-delivery/indefinite-quantity contracts supporting development, certification, and services. This approach would allow NASA to select two or more contractors through early development, followed by a competitive task order for final design, test, evaluation, as well as certification and services from one or more contractors. [emphasis mine]

The deadline for submission is July 27, 2026. From these proposals NASA will proceed with its original plan to award construction contracts to build at least one new space station. The highlighted words above however suggest a significant change in the program. Under the original plan, NASA said it could only afford to finance one private station, something NASA administrator Jared Isaacman found unsatisfactory. NASA officials also did not believe there was sufficient private investment capital to make up the difference if NASA spread the money around to more than one station.

It looks like the industry has changed his mind. It now appears NASA will entertain multiple station proposals, and could conceivably award as many as three contracts. Of the five stations being built (see my list below), three are very robust at this point — Vast, Starlab, and Axiom — with a lot of private investment, a slew of customers, and some construction completed. Choosing one or two of these would be difficult, and possibly counter-productive, as all three have viable plans.

While I am speculating wildly, it looks to me that this NASA request for proposals is laying the groundwork for awarding at least three space station contracts, with these three stations in the lead. The amount of money in NASA’s space station budget might not be sufficient to finance all three, but it appears it might be enough once supplemented with the private capital all three stations have on hand.

Stay tuned. Some very exciting developments might very well be in the offing.

My updated ranking of the five American space stations presently under development:
» Read more

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Four medical research organizations sign deals to do work on Vast’s space stations

Vast's Haven-1 and Haven-2 stations

Capitalism in space: The space station startup up Vast yesterday announced that three medical research companies and one university institute have signed preliminary agreements to continue and expand their ISS biological research on Vast’s Haven-1 and Haven-2 space stations.

Vast, the company building next-generation space stations and space infrastructure, announced today memorandums of understanding (MoUs) with UC San Diego’s Sanford Stem Cell Institute, Auxilium Biotechnologies, LambdaVision, and BioOrbit, advancing its network of microgravity research and manufacturing partners. Vast’s network brings together world-class universities, pioneering researchers, and cutting-edge technology providers to shape the future of microgravity research and manufacturing conducted in low-Earth orbit (LEO).

Though all four have done pure research on ISS, none have been permitted to produce products there for sale on Earth, due to NASA’s anti-commercial regulations. This will change on the new private stations. For example, LambdaVision has already signed an earlier agreement with the Starlab station to use it to manufacture its artificial retinas for sale. Auxilium meanwhile has already demonstrated on ISS the ability to create implantable medical devices using 3D printing. On Vast’s stations it will be able to expand this work by producing saleable products. BioOrbit in turn will use the Haven stations to begin manufacturing the zero gravity pharmaceuticals it has already tested on ISS.

Below is my updated ranking of the five American space stations presently under development:
» Read more

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Czech Republic buys seat on Vast mission to ISS

Haven-1 with docked Dragon capsule
Artist rendering of Haven-1 with docked
Dragon capsule

In its continuing effort to sign customers (and earn income) outside of NASA funding, the space station startup Vast today announced it has signed a deal with the Czech Republic to fly one of its astronauts to ISS on its planned mission there in 2027.

This agreement builds on the memorandum of understanding that Vast, and the Czech Republic signed in 2024. Subject to Multilateral Crew Operations Panel (MCOP) review and approval, Aleš Svoboda, one of the 12 members of the astronaut reserve selected by ESA in November 2022, will serve as the mission pilot. The MCOP’s decisions are reached through a consensus among representatives from all five space station partners: NASA, ESA, Roscosmos, the Japan Aerospace Exploration Agency, and the Canadian Space Agency. Pending approval, Aleš Svoboda will become the first Czech astronaut to visit the International Space Station. Svoboda is planned to join ESA Astronaut Thomas Pesquet who is the named Commander for the mission.

Pesquet is a French astronaut flying under the deal France signed with Vast only two weeks ago.

Unlike the Starlab and Axiom stations, Vast is building its single module demo station, Haven-1, with no government funds. It is not only flying this private two-week mission to ISS, it is also planning four two-week missions to Haven-1 during if three year mission, once it launches next year. All will use SpaceX’s Falcon 9 as a launch provider, with one of its Dragon capsules for crew transport.

Below is my updated ranking of the five American space stations presently under development:
» Read more

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Axiom’s latest funding round raised $525 million, not $350 million as expected

Axiom's module assembly sequence
Axiom’s module assembly sequence

The space station startup Axiom today announced that its latest funding round raised $525 million, exceeding significantly the $350 million predicted in February and indicating much greater investor enthusiasm for the company.

The close brought new capital onto Axiom Space’s cap table alongside the investors who anchored the round earlier this year. This positions the company to accelerate execution against its core programs: human spaceflight, spacesuits, and Axiom Station – the commercial successor to the International Space Station.

MUFG Bank, Ltd., Japan’s largest bank, joined the round as a new investor, alongside continued participation from existing backers.

With the $100 million previously raised, the company now has $625 million on hand for development, placing it in a strong financial position. It also shows, as does the large investments for the Vast and Starlab stations, that there is enough investor interest and commitment to build all three stations, even if NASA’s funding doesn’t provide all the necessary funds.

Below are my updated rankings of the five American space stations presently under development:
» Read more

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Axiom’s CEO provides update on corrosion and the timetable for its space station

Axiom's module assembly sequence
Axiom’s module assembly sequence

Jonathan Cirtain, the CEO of the space station startup Axiom, this week gave an interview where he provided a short update on the status of their station’s construction, including the present launch timetable as well as the corrosion issue known to exist on the two module hulls that Thales-Alenia is presently building for the company.

It [the corrosion] was actually observed during ISS using a similar manufacturing technique. They mitigated it.

Now it’s come back. … We’re going to fix it the same way they fixed it for the International Space Station, the Columbus module, which has been operational now for eighteen, nineteen years. Had that same challenge. So we’re working our way through that. That should get resolved by the end of the month of June.

Because this interview took place just prior to NASA’s announcement yesterday that it has abandoned its core module concept proposed last month, Cirtain describes how the company was considering some design and construction changes to deal with it. That issue however has now vanished.

Cirtain added that the module’s hulls will next be shipped from the Thales-Alenia factory in Europe to the U.S., where Axiom will then begin installing the interior and exterior components of each, with a planned launch of the first, dubbed the PPTM, by 2028, the same target date the company announced in January 2026. That the date has not changed six months later suggests either the corrosion issue did not delay things, or it was the cause of that delay.

As I noted in January, Axiom’s schedule margins for getting its station launched, docked to ISS, loaded with ISS equipment, and then separated before ISS retires in 2030 are extremely tight. It cannot afford any further delays.

In other Axiom news, the company announced yesterday that it has established a a wholly owned subsidiary based in Switzerland, dubbed Axiom Switzerland, thus establishing itself within the Europe to facilitate future contracts with the European Space Agency, the European Union, and the member nations of both.

Below are my updated rankings of the five American space stations presently under development:
» Read more

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NASA abandons core module idea for its commercial space station program

The American space stations under development

Bowing to the unanimous opposition by the three most advanced commercial space station startups, NASA official Bethany Stevens yesterday announced that it is abandoning its proposed core module space station concept and returning its commercial space station program to its original plan, whereby the private stations all compete independently.

Industry has provided extensive feedback making the case for a sustainable commercial market in which NASA is one customer among many, along with assurances regarding available transportation capabilities. The industry position will now shape the path forward as NASA proceeds with the original commercial strategy.

Over the coming weeks, NASA will work with stakeholders and industry to refine flexible requirements and acquisition plans, with a draft RFP expected later this month.

The original plan was for the private sector to compete for one or two major construction contracts from NASA. The core module approach, put forth under NASA administrator Jared Isaacman’s leadership in March, instead made them all part of a government space station, like ISS, at least initially. Under that plan the new commercial space stations would attach their first modules to a government-built core module that NASA would first build and own. Isaacman proposed this because he and NASA believed it didn’t have the budget to finance more than one commercial station, and that the agency didn’t think there was sufficient market to make up the difference.

Officials from Vast, Starlab, Axiom and elsewhere all expressed opposition to the core module plan, insisting there was sufficient market to finance their stations, even without NASA. They also opposed the core module plan because it would require major changes in their present designs, and they had great doubt NASA could build that core module quickly enough for their financial purposes.

Isaacman and NASA apparently listened to these objections, and were convinced their idea was a mistake and the industry was right. It is now reviewing its budget and will decide whether it can do what it originally hoped, award two stations a major contract.

Either way, the recent news from all these three stations suggests they are increasingly in a strong position, whether or not they win that NASA contract.

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France buys two manned missions from space station startup Vast

Haven-1 with docked Dragon capsule
Artist rendering of Haven-1 with docked
Dragon capsule

In a major deal that solidifies its future space station plans, the space station startup Vast yesterday announced that the French government had agreed to fly two Vast manned missions, first to ISS and then to its Haven-1 single module space station scheduled for launch in 2027.

Today at the Choose France Summit, created by the President of the French Republic, Emmanuel Macron, Vast announced its commitment to establish its European headquarters in Paris and an agreement with the Government of France, for two missions involving two French astronauts: the sixth private astronaut mission to the International Space Station and the Haven-1 test flight, the first crewed mission to Vast’s Haven-1 commercial space station scheduled to launch in 2027.

…Both missions are expected to last approximately two weeks and are planned for 2027, with transportation provided by SpaceX on a Dragon spacecraft launched aboard a Falcon 9 rocket.

For the ISS mission, the astronaut will be rookie Arnaud Prost. For the Haven-1 mission, the astronaut will be veteran Thomas Pesquet, who has flown twice to ISS with a cumulative total of just under 400 days in space.

Vast had previously signed preliminary deals with Lithuania, Colombia, Uzbekistan, Japan, the Czech Republic, and the Maldives, but none of those deals had committed to a manned mission. I had speculated that these nations were waiting for Haven-1 to launch and be declared operational. France has decided not to wait.

This deal is also a major coup for Vast over its space station competitor Starlab, which had previously signed a deal with the European Space Agency and Airbus in an effort to position itself as Europe’s future space station. That deal however had not included any actual missions.

UPDATE: Vast appears to have also signed an agreement with the United Kingdom to fly one of its astronauts to Haven-1. And in this case the astronaut, John McFall, is a former paralympian who lost one leg in a motorcycle accident. This would would make him the first person with disabilities ever to fly in space.

My present ranking of the five stations under development, with Vast now in the lead and Starlab and Axiom tied for second.
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Starlab gets another investor

Starlab design as of December 2025
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..
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Vast signs deal with Lithuania

Haven-1 with docked Dragon capsule
Artist rendering of Haven-1 with docked
Dragon capsule

The space station startup Vast earlier this week signed an agreement with Lithuania to work together on future space missions, either to ISS or its Haven-1 single-module station scheduled for launch next year.

Under the agreement, Vast and Innovation Agency Lithuania will explore opportunities for joint scientific research activities either in the International Space Station National Lab or Haven-1, scheduled to be the world’s first commercial space station, launching in 2027. The partnership also includes plans to further develop educational programs in Lithuania and deepen engagement with local industry.

This deal is similar to Vast’s earlier deals with the European Space Agency, the Czech Republic, Colombia, Uzbekistan, Japan, and the Maldives. All are structured so that should Haven-1 reach orbit and be proven operational and safe for occupancy, these countries could consider sending their own astronauts on missions there. All thus show there is an international market for a private space station, a market that Vast is working hard to capture.

In other space station news, Voyager Technologies, the lead company building the Starlab station, released its 2026 first quarter fiscal report, indicating a solid financial position resulting from its diversification into military-based space applications. Though the report notes that “Starlab does not generate revenue today, nor is expected to generate revenue in the near term,” the company’s overall strength lays a strong foundation for that station’s eventual construction.

In my rankings below of the five stations under development, these two stations remain essentially tied for first place, with Axiom a close third.
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Two space station startups strengthen their positions

The American space stations under development

The startups building the commercial space stations Haven-1 and Starlab this week made deals that will further strengthen their positions both to win future NASA contracts while also making their own operations more functionally viable.

First, Vast, which hopes to launch its Haven-1 single module demonstration station next year and follow it up with its full Haven-2 station (as shown to the right), signed a deal with former NASA astronaut Sunita “Suni” Williams, making her the fifth astronaut to join the company’s astronaut advisory committee.

Former NASA astronaut and U.S. Navy Captain Sunita “Suni” L. Williams has joined Vast as an Astronaut Advisor. She joins Vast’s esteemed group of Astronaut Advisors led by Lead Astronaut Andrew Feustel, including Garrett Reisman, Megan McArthur, and former JAXA astronaut and Vast Japan General Manager Naoko Yamazaki.

It is clear each one of these former government astronauts sees the possibility of flying again to Vast’s Haven-1 station, which the company hopes to have occupied four times for two weeks during its three year mission. They are also hoping to be part of the much larger Haven-2 station to follow.

Vast in turn is now assembling a staff of very experienced professional astronauts it can use to lead all these proposed missions.

Next, Voyager Technologies, the lead company in the consortium building the single-module large Starlab station that will launch on Starship, signed an agreement with Yonsei University in Seoul, South Korea. While initially the deal will have the university do research at Voyager’s research facility in Ohio, it also lays the groundwork for the univesity to eventually get access on Starlab, once launched.

For Voyager this deal helps show NASA that there is a real market for these private stations, something NASA administrator Jared Isaacman has expressed doubts about.

In my rankings below of the five stations under development, the first three stations remain essentially tied for first place.
» Read more

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The space station startups: NASA’s new space station plan is mistaken

The American space stations under development

At a conference event this week officials from three of the five American space station startups expressed strong disagreement with NASA’s new space station plan.

The new plan would have NASA build and launch its own new core module, dock it with ISS, and have the new stations attach their first modules to it prior to flying freely. NASA proposed this plan because it does not believe there is enough market to sustain the stations independently and NASA doesn’t have the budget to fully fund them.

The officials repeatedly disagreed about the market issue.

“We believe not only we can be ready by 2030” when the International Space Station is slated to be retired, “but we also believe that we can be profitable on the current market, not waiting for the future market we all will develop and will be successful at,” said Max Haot, CEO of Vast [building the Haven-1 and Haven-2 stations].

…Haot and executives from Axiom Space and Starlab Space said their responses to NASA’s request for information — which were due April 8 — show otherwise. “We put in 390 pages of independent analysis, research studies, datas, contracts, those types of things,” said Marshall Smith, CEO of Starlab Space, which is targeting 2029 for its station to be on orbit. “We’re being very clear and what we can do and how that works.”

One prominent revenue stream the panelists pointed to is other space agencies and nations eager to send their astronauts and payloads to space. “We’ve flown 12 people to space that paid us money to do that,” said Jonathan Cirtain, CEO of Axiom Space, referring to the four private astronaut missions it’s conducted to ISS. “We’ve flown 166 payloads today. All of those are paying payloads that generate revenue for the company.” The Texas company plans to begin operating in 2028 when its first two station modules are slated to be in orbit, then gradually grow the station to five modules.

The officials also said the core module idea would actually slow things down. NASA would have to first build and launch it, and would be starting from scratch to do so. It takes years to build such a thing, and it will certainly not be ready by 2030, when ISS is presently supposed to be retired. Moreover, forcing them to dock to this module would force them all to completely change their own plans, something they all find counter-productive.

In announcing NASA’s core module plan, NASA administrator Jared Isaacman also stated that he was open to industry feedback. I suspect that his core module proposal is going to die, and be replaced with the more direct transition from ISS to these private stations, the approach these companies favor.

I should add that the three startups that spoke up at this conference are also the three that are in the lead to build their stations, according to my rankings below. As far as I can tell, they are all tied for first place, with their station development very robust and well financed.
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Voyager wins slot to fly tourist mission to ISS in 2028

Starlab design as of December 2025
Starlab design as of December 2025

NASA today announced that it has awarded Voyager Technologies a slot to fly a tourist mission to ISS in 2028.

The mission, named VOYG-1, is expected to spend as many as 14 days aboard the space station. A specific launch date will depend on overall spacecraft traffic at the orbital outpost and other planning considerations.

Voyager will submit four proposed crew members to NASA and its international partners for review. Once approved and confirmed, they will train with NASA, international partners, and the launch provider for their flight.

Voyager is the lead company in the consortium that is building the Starlab station, a single very large module to be launched on SpaceX’s Starship.

At this moment three of the five commercial stations that are developing private space stations — Axiom, Vast, and Voyager — now have deals to fly such missions to ISS. The two remaining likely didn’t pass muster with NASA, for different reasons. Max Space is a late comer to this competition, only declaring that it is building its own station this year. Orbital Reef, led by Blue Origin and Sierra Space, is apparently a dead project, with neither company doing anything to sell its project for the past year or so.

In my rankings below of the five American commercial space stations presently in development, the first three are essentially tied at this point.
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The space station part of Isaacman’s new program is facing push back, from industry and Congress

The American space stations under construction
Four of the American space stations under development.
The fifth, Max Space, is a late comer and not shown.

At a hearing yesterday before the space subcommittee of the House Science, Space, and Technology Committee, both the trade organization representing the five commercial space station projects as well as some members of Congress expressed strong reservations about NASA’s new plan to build a core module as a basis for helping these companies develop their space stations.

Dave Cavossa, President of the Commercial Space Federation (CSF) that represents these companies, outlined in his statement [pdf] to the committee the industry’s dissatisfaction, not so much because of the specifics of NASA’s plan but because it follows other sudden changes last year by the previous NASA administrator Sean Duffy, and is still uncertain in its outline.

Given the delays and possible shifts in strategy, industry has been left to continue spending resources to develop private space stations without a full understanding of what NASA will require from a private station, how the agency will structure the rest of the procurement and program, and when industry may see a return on investment. This uncertainty challenges the public-private partnership business model and puts the agency at risk of deorbiting ISS before private stations are operational.

The trade group proposed that NASA stick with its previous plan to fund two or more station projects, dropping Isaacman’s core module proposal. It also wanted Congress give the agency the funds to do so.

Cavossa also strongly disputed NASA’s claim that the market at present doesn’t support these commercial stations.
» Read more

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Vast raises $500 million in new private investment capital

Haven-2
Vast’s full Haven-2 station once completed

The space station startup Vast today announced it has raised another $500 million in new private investment capital, bringing the total so far invested in the company’s space station project to more than one billion.

The financing round was led by Balerion Space Ventures with participation from IQT, Qatar Investment Authority (QIA), Mitsui & Co., Ltd, MUFG, Nikon Corporation (Nikon), Stellar Ventures, Space Capital, and Earthrise Ventures. Jed McCaleb, founder and first investor, also participated in the round. As part of the transaction, Balerion Advisor A.C. Charania, former Chief Technologist for NASA, will join the Vast board.

…To date, more than $1 billion has been invested in Vast’s space stations technologies and facilities—resources that NASA and government partners can leverage to ensure readiness to replace the ISS in 2030. The latest financing includes $300 million in Series A equity and $200 million in debt to support the continued development of Vast’s Haven space stations. The funds will be used to expand facilities, grow the team, and advance the company’s proposed successor to the ISS, Haven-2, designed to ensure continuous human presence in low-Earth orbit for the United States and its allies.

Hat tip to reader Richard M for letting me know about this announcement.

In my rankings below of the five American commercial space stations presently in development, I rank Vast #1. This new investment helps solidify its first place standing.
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ESA asks for proposals on building its own space station

ESA logo

The European Space Agency (ESA) last week issued an open call for proposals outlining the construction of its own space station, independent of the five American stations presently in development to replace ISS.

On 27 February, ESA published an intended call for tenders for two Pre-Phase A studies under Scenario 3. According to the call, the studies will consolidate the “feasibility, architecture, utilisation, and technology requirements of a European-led LEO outpost” and propose cooperation with the Canadian Space Agency, Japan’s national space agency JAXA, and “additional partners.” The results of the two parallel studies will be used to enable ESA decision-making for its post-ISS transition by the end of 2026.

Do not expect these “studies” to produce a European-led space station any time soon. It is the ESA way to do lots of studies, and then after reading these to do more detailed follow-up studies outlining what they will do. Then, after years of review, it might finally get started on construction, which always proceeds somewhat slowly.

In the meantime, ESA has signed agreements with three of the five American space station projects (Axiom, Starlab, Vast), with its deal with the Starlab station the most extensive. All three deals leave open the possibility that Europe will rent time at each station to fly experiments and astronauts there.

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Medical company making artificial retinas buys payload slots on Starlab

Starlab design as of December 2025
Starlab design as of December 2025

The medical company LambdaVision announced yesterday that has booked payload slots and commercial space on Starlab in order to manufacture “protein-based artificial retinas.”

LambdaVision leverages microgravity to improve the layer-by-layer production process of their artificial retina through alternating layers of the protein bacteriorhodopsin and a polymer, supported by a membrane of a synthetic fiber that has long been used by the medical community. Reduced gravity in an LEO environment improves homogeneity, stability, and performance of thin films like the protein-based artificial retina. By using proteins similar to the visual pigment rhodopsin naturally found in our eyes, LambdaVision’s protein-based artificial retina mimics the light-absorbing properties of human photoreceptors replacing the function of these damaged cells in the retinas of blind patients.

Starlab is the giant single module space station being built by a consortium led by Voyager Technologies that will be placed in orbit by a Superheavy/Starship launch.

While NASA allowed this kind of medical research on ISS, it never allowed the companies to manufacture any products on ISS for later sale on Earth. The new private space stations are decidedly opposed to that government restriction, and thus they are attracting customers like LambdaVision because they will allow it to make money on what it produces. The press release notes that while this first project is aimed at producing artificial retinas to restore vision in patients, the technology will be applicable to “sensitive biosensors, optical systems, tissue engineering, and drug delivery applications.”

In my rankings below of the five commercial American space station projects under development, the first three are basically tied, the fourth is simply late to the game, and the last, Blue Origin’s Orbital Reef, is hardly out of the starting gate.
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Axiom raises another $350 million in private investment capital

Axiom's module assembly sequence
Axiom’s module assembly sequence

The space station Axiom today announced that it has raised another $350 million in private investment capital, in addition to the $100 million commitment obtained in December from the Hungarian communications company 4iG.

Type One Ventures and Qatar Investment Authority (QIA) co-led the round, with participation from 1789 Capital, 4iG, LuminArx Capital Management, and others. Axiom Space Founder and Executive Chairman Kam Ghaffarian also participated in the round, reinforcing his commitment to the company’s mission. J.P. Morgan served as sole placement agent to Axiom Space in connection with the financing.

It appears that even if the 2024 rumors that the company was having cash flow issues were true (they were never confirmed), those issues are now long gone.

Below is my revised rankings of the five American consortiums/companies developing space stations. The rankings haven’t changed, but I have updated the text.
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Vast wins sixth ISS slot for tourist mission

Haven-2
Vast’s full Haven-2 station once completed

NASA today announced that it has awarded the space station startup Vast its sixth slot for a manned commercial mission to ISS, scheduled for 2027.

The mission is expected to spend up to 14 days aboard the space station. A specific launch date will depend on overall spacecraft traffic at the orbital outpost and other planning considerations.

…Vast will submit four proposed crew members to NASA and its international partners for review. Once approved and confirmed, they will train with NASA, international partners, and SpaceX for their flight. The company has contracted with SpaceX as launch provider for transportation to and from the space station.

Vast already intends to fly four two-week missions to its single module Haven-1 demo station, scheduled to launch in the first quarter of 2027. This new ISS mission will demonstrate to NASA directly that Vast can handle manned missions. In both cases, the company is hoping its actions will convince NASA to award it a full construction contract to build its Haven-2 full-sized station, as shown in the graphic to the right.

Below are my rankings of the five private commercial space stations being developed. At this point the first three (Haven, Axiom, Starlab) are essentially tied, while the fourth (Thunderbird) is only trailing because it came late to the game. The fifth, Orbital Reef, seems practically out of the game.
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Voyager wins four-year $24.5 million ISS management contract from NASA

The space station startup Voyager Technologies yesterday won a four-year $24.5 million contract from NASA to apparently manage the agency’s missions to ISS.

Under the task-order contract, Voyager will deliver end-to-end mission services spanning payload integration, mission operations, safety and compliance, and post-mission closeout. NASA may add options that extend the scope and value of the agreement over its life, providing Voyager with a multi-year framework for recurring mission execution. Voyager anticipates onboarding three payload missions over the next quarter, reflecting near-term demand and a steady pipeline of task orders supporting ongoing ISS operations.

The company has been doing similar ISS work for NASA at the Johnson Space Center in Texas, though this contract appears to expand that work considerably. This deal provides the company further experience operating space station missions, crucial for the Starlab station that Voyager is listed as the consortium’s lead company.

Of the five stations under development, Axiom has run tourist missions to ISS to demonstrate this capability, Vast is launching its own demo single module station to demonstrate this capability, and now Voyager is doing this work for NASA to demonstrate this capability.

Max Space, which only entered this race late last year, has no such contract or experience, but it has recently partnered with Voyager in other work, and plans to launch its own demo station module in ’27.

The last proposed space station, Orbital Reef, has no such deal as far as I know. Led by Blue Origin (partnered with Sierra Space), this station project continues to show no progress of any kind.

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