Axiom in trouble?

The assembly sequence for Axiom’s space station while attached to ISS.
Click for original image.
A long article yesterday in Forbes described serious financial issues with the space station startup Axiom, problems so severe the company is laying off workers and has trouble meeting its payroll.
The problems have been accentuated by hiring too many people and the delays in building its modules for attachment to ISS.
The lack of fresh capital has exacerbated long-standing financial challenges that have grown alongside Axiom’s payroll, which earlier this year was nearly 1,000 employees. Sources familiar with the company’s operations told Forbes that cofounder and CEO Michael Suffredini, who spent 30 years at NASA, ran Axiom like a big government program instead of the resource-constrained startup it really was. His mandate to staff up to 800 workers by the end of 2022 led to mass hiring so detached from product development needs that new engineers often found themselves with nothing to do, these people said.
When Axiom was founded in 2016, it promised investors the first station module would be aloft in 2020.
That first module is presently not expected to launch until 2026, six years late. Its main structure is being built by Thales-Alenia in Europe, and work there has been much slower than expected, possibly because Axiom has been slow in providing the expected capital.
The article also describes in detail the financial loss Axiom has experienced in its manned private flights to ISS, where it hires SpaceX to provide the rocket and capsule. The costs have been higher than expected, made worse by requirements and charges imposed on it by NASA. As a result the company lost money on the first three flights, and expects the fourth this year to only break-even.
Whether Axiom will survive, based on this article, is very questionable. We will just have to wait and see however. All other indications suggest it is in a stronger position than at least one other commercial station, Blue Origin-led Orbital Reef, and matches well with Voyager Space’s Starlab. These of the three stations being built with NASA’s financial help.
The one station that might beat them all however remains the entirely private Vast Haven-1 station. It has taken no government money and yet expects to launch its first small module before any of the former stations, in the second half of 2026. and immediatley fly astronauts to it for a 30-day mission.
The assembly sequence for Axiom’s space station while attached to ISS.
Click for original image.
A long article yesterday in Forbes described serious financial issues with the space station startup Axiom, problems so severe the company is laying off workers and has trouble meeting its payroll.
The problems have been accentuated by hiring too many people and the delays in building its modules for attachment to ISS.
The lack of fresh capital has exacerbated long-standing financial challenges that have grown alongside Axiom’s payroll, which earlier this year was nearly 1,000 employees. Sources familiar with the company’s operations told Forbes that cofounder and CEO Michael Suffredini, who spent 30 years at NASA, ran Axiom like a big government program instead of the resource-constrained startup it really was. His mandate to staff up to 800 workers by the end of 2022 led to mass hiring so detached from product development needs that new engineers often found themselves with nothing to do, these people said.
When Axiom was founded in 2016, it promised investors the first station module would be aloft in 2020.
That first module is presently not expected to launch until 2026, six years late. Its main structure is being built by Thales-Alenia in Europe, and work there has been much slower than expected, possibly because Axiom has been slow in providing the expected capital.
The article also describes in detail the financial loss Axiom has experienced in its manned private flights to ISS, where it hires SpaceX to provide the rocket and capsule. The costs have been higher than expected, made worse by requirements and charges imposed on it by NASA. As a result the company lost money on the first three flights, and expects the fourth this year to only break-even.
Whether Axiom will survive, based on this article, is very questionable. We will just have to wait and see however. All other indications suggest it is in a stronger position than at least one other commercial station, Blue Origin-led Orbital Reef, and matches well with Voyager Space’s Starlab. These of the three stations being built with NASA’s financial help.
The one station that might beat them all however remains the entirely private Vast Haven-1 station. It has taken no government money and yet expects to launch its first small module before any of the former stations, in the second half of 2026. and immediatley fly astronauts to it for a 30-day mission.