Search Results for: vast axiom starlab

Vast wins sixth ISS slot for tourist mission

5:11 pm

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

8:01 am

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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Voyager Technologies and Max Space team up to develop inflatable planetary structures

8:01 am

The station designs as of the end of 2025
The station designs as of the end of 2025

The space station startups Voyager Technologies, which is leading the consortium developing Starlab, and Max Space, which is developing its own inflatable Thunderbird station, have now partnered to use their combined talents to develop inflatable planetary structures for habitation and cargo.

In terms of their space stations, they are similar but different. Voyager’s Starlab station will be a single giant module launched on Starship. The consortium building this module had hired the interior decoration company Journey to design the interior, and yesterday showed off a mock-up of that interior.

Max Space’s Thunderbird is an equally large single module but because it uses inflatable technology it will launch on a Falcon 9. The company plans to launch a smaller demo module in ’27 to prove this technology.

Both companies will now use their skills together to begin design work on inflatable habitats that both NASA and SpaceX could use on the planned lunar and Mars colonies.

The phased development path includes ground validation and in-space demonstrations later this decade, with the goal of enabling operational lunar and Mars capabilities aligned with NASA’s exploration timelines. The partnership emphasizes early risk retirement, interoperability and commercial scalability as guiding principles.

In other words, these companies are expanding their business model to sell their products across a wider range of uses. This deal does not change my rankings of the five space stations currently under development, as shown below, but it is an interesting data point that suggests the technology of these space stations can be marketed in many other space-related areas.
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Haven-1 launch delayed until 2027

12:35 pm

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

According to Vast’s CEO, Max Haot, the launch of its single module Haven-1 space station has now been pushed back to the first quarter of ’27.

Last Saturday (January 10) we reached the key milestone of fully completing the primary structure, and some of the secondary structure; all of the acceptance testing occurred in November as well. Now we are starting clean room integration, which starts with TCS (thermal control system), propulsion, interior shells, and then moving on to avionics. And then final close out, which we expect will be done by the fall, and then we have on the books with NASA a full test campaign at the end of the year at Plum Brook. Then the launch in Q1 next year.

Until recently the company had been targeting a launch in the first half of 2026. This is a delay of almost a full year, and suggests the previous launch date has not been a serious target for quite some time.

Haot at the article at the link provides some new details about the manned missions to the station. It will launch unmanned, and after check-out in orbit that could last two weeks or longer, a professional SpaceX Dragon crew will fly a two-week mission there to do further check-outs.

After this up to three more two-week missions are planned, with Vast already having a deposit for the first. It also is willing to do more during Haven-1’s three year lifespan.

More and more it appears to me that in my rankings below of the five commercial space stations presently under development, the top three space stations are practically tied. And of the five stations, three are hoping to begin launching modules in the ’27-’28 time frame.
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Axiom has delayed the launch of its first space station module to ’28

11:53 am

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

When Axiom announced in September 2025 that Redwire would be building the solar panels for the first module of its space station, dubbed the PPTM, it also said that module would launch in late 2027, which was a delay of one year from the original launch date of 2026.

That schedule has now apparently been delayed again. In an interview yesterday, the company’s vice president of human spaceflight, former NASA astronaut Peggy Whitson, indicated the launch was now targeting 2028.

Plans call for the initial Axiom Station to be comprised of two modules, the PPTM — short for Payload Power Thermal Module — and a habitat module. The PPTM, which is to be shipped shortly to Houston for final assembly and integration, is slated to be launched in early 2028, with the second module following just months later. From there, Axiom aims to swiftly begin welcoming crew, Peggy Whitson, the company’s vice president of human spaceflight, told me in an interview.

This schedule almost guarantees that the Axiom station will not detach from ISS as quickly as originally intended. PPTM has a large hatch opening connecting it to ISS, allowing for the easy transfer of much of the research racks held on ISS. Before Axiom can become a free-flying station that ISS equipment must be moved, a process that will take time, likely months. To get it done the company will probably have to also attach its second habitation module so that crews can arrive and begin this transfer process.

In other words, 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 shrinking. It can ill afford further delays.

Below are my rankings of the five American space stations presently under development. Note that I now consider Axiom and Starlab tied for second.
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Mitsubishi buys space on proposed Starlab space station

9:01 am

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The Japanese company Mitsubishi has now signed an agreement with the consortium building the large single module Starlab space station that will launch on Starship, reserving part of that station for the company’s own use while also increasing its financial investment in the project.

Starlab Space LLC today announced that Mitsubishi Corporation has reserved and pre-purchased capacity on Starlab’s commercial space station, becoming a foundational customer while simultaneously increasing their investment in the company and joining Starlab’s Board of Directors through representative Issei Shinohara.

The expanded partnership includes acquisition of usage rights for designated payload volume and utilization of on orbit laboratory facilities on Starlab, positioning Mitsubishi to accelerate space-based research opportunities for Japanese institutions. This customer commitment is accompanied by an expanded equity partnership that brings additional investment to support Starlab’s development.

Mitsubishi had in April 2024 already joined the Starlab partnership, though almost no details were announced at that time. Today’s announcement provides those details. It also appears Mitsubishi is bypassing Japan’s space agency JAXA, which in the past always ran such international projects. Instead Mitsubishi will directly “support Japanese space development objectives while contributing to advancements in areas such as life sciences research, advanced materials development, and next-generation manufacturing technologies.” In other words, it is telling JAXA to jump in the lake. It can do this better without that government third party, which by the way has not been very effective in recent years.

This deal continues Starlab’s aggressive momentum in recent months. Though Axiom is still listed above it in my rankings below of all the American space stations under development, I now consider the two essentially tied for second.
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Space station Starlab gets major new investor

9:25 am

Starlab design in 2025
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:
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The space station race: Startup Max Space to establish factory at Kennedy in Florida

8:56 am

Thunderbird, with cut-out showing interior and person for scale
Max Space’s proposed Thunderbird station, with cut-out showing
interior and person for scale. Click for original images.

The space station startup Max Space has apparently decided to establish its manufacturing facility at the Kennedy Space Center in Florida, and expects to hire its first 30 to 50 employees there this year.

Currently working with Space Florida, Max Space is moving toward setting up operation in Exploration Park on Space Commerce Way, and has already begun hiring. While the company already has a address in Exploration Park, they are seeking to set up in an existing 20,000 to 30,000 square-foot manufacturing facility. This is where the large space habitat modules will be manufactured.

While Space Florida confirmed Max Space’s intentions to move into the area, no further details were provided. Max Space said they expect to bring 30 to 50 new hires onboard within the first half of 2026.

The company had previously positioned itself as the builder of modules that any one of the four other commercial private space stations could buy and add to their stations. It now appears it has decided to enter the competition as its own station, proposing Thunderbird as its bid. It is gearing up to fly a smaller demonstration mission in ’27 to prove its inflatable design that is based on the same technology used by the modules built by the now-defunct company Bigelow.

With this in mind, I have now added Max Space to my rankings of the commercial stations under construction, and have placed it ahead of Blue Origin’s Orbital Reef station, based on my impression of where both projects presently stand. Essentially, they are tied for last place, but I put Max Space ahead because it seems to have positive momentum, while the partnership of Blue Origin and Sierra Space appears to be faltering.
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Axiom gets $100 million of investment capital from Hungarian company

9:24 am

Axiom's new module assembly sequence
Axiom’s assembly sequence for its planned station, initially attached to ISS but subsequently detached

The space station startup Axiom has now obtained a $100 million investment by the Hungarian communications provider 4iG.

The company said Dec. 19 it has committed to invest $30 million in Axiom by the end of 2025, followed by an additional $70 million by March 31, 2026.

In October, 4iG announced a non-binding commitment letter to evaluate a potential $100 million investment in Axiom Space. The agreement outlined a separate $100 million framework for cooperation on the development of orbital data center systems over the next five years. 4iG said in a news release that the Axiom investment would provide Hungary with an opportunity to secure a long-term role in orbital data centre programs and space-based data processing and storage, but did not provide details.

In 2024 there were rumors the company had a serious cash shortage, though since then construction of its first two modules has proceeded as planned, with a launch of the first module still set for sometime in 2026. This new infusion of cash should shore up Axiom’s station construction considerably.

My rankings of the commercial space stations now under development:

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Starlab picks Leidos to assemble, integrate, and test its space station prior to launch

8:07 am

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The consortium building the large single-module Starlab space station (intended to launch on Starship) yesterday picked the American company Leidos to assemble, integrate, and test its station prior to launch.

Leidos will assemble and integrate the components of Starlab’s space station into a complete system, supporting compatibility and verifying performance through environmental, functional and performance testing in Alabama. Additional responsibilities under the agreement include safety and mission assurance and systems engineering.

Since the consortium’s lead company, Voyager Space, raised nearly $400 million in its first public stock offering in June, Starlab has been signing up a lot of new partners, many of which like Leidos are aimed at building the station itself. First it signed the company Journey to design the station’s interior. Then it signed the Louisiana space hardware company Vivace to build Starlab’s primary structure. Next, a Belgium software company specializing in payload integration joined the consortium. Finally Voyager last week acquired the satellite electric propulsion company Exoterra. Initially I thought this last acquisition was aimed at increasing Voyager’s ability to win military contracts, but it also could provide the station itself with a system for orientation and propulsion.

All in all, this activity continues to strengthen Starlab’s position in the competition to win major contracts and customers leading to the construction of the station itself. Below is my updated rankings of the four commercial stations under development:
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Update on Vast’s first planned space station, Haven-1

9:51 am

Haven-2
Haven-2 station once completed

Link here. The article essentially puts together a number of X links that Jay has provided Behind the Black previously in his daily Quick Space Links reports to provide an overall picture. Two aspects stand out however.

One, the demo Vast launched this weekend on SpaceX’s bandwagon mission is expected to fly for about six months, and has successfully deployed its solar panels. During its flight the company will “test out key capabilities, such as Reaction Control Systems (RCS), power systems, and propulsion, in preparation for Haven-1”, which it hopes to launch in the spring.

Two, Haven-1’s planned mission remains unchanged. The company still intends to fly four crewed missions to it during its three-year mission, though who will make-up the crew and passengers remains unknown. This single module station is aimed at proving Vast’s capabilities at space station design and operation to convince NASA to award it a much larger contract to build its much larger Haven-2 multi-module station.

Max Haot [Vast’s CEO] described Haven-1 as the “minimum viable product”. With its one docking port and reliance on a SpaceX Crew Dragon for key life support systems, the station will enable the company to test out capabilities needed for larger stations in the future. The Dragon spacecraft requires a daily change of its CO2 scrubber; therefore, the station will launch with the necessary amount needed for 30-40 days on station for four astronauts.

All in all, Vast appears to be strongly demonstrating its capabilities, on schedule, making my listing it number one as most likely to win that big NASA contract increasingly correct. That ranking is made even more reasonable with the decision by NASA to now award several of those contracts, at smaller amounts, in a step-by-step process that matches milestones. Below is my updated rankings of the four commercial stations under development:
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October 7, 2025 Quick space links

3:02 pm

Courtesy of BtB’s stringer Jay. This post is also an open thread. I welcome my readers to post any comments or additional links relating to any space issues, even if unrelated to the links below.

  • SpaceX registers the trademark “Starfall” at the U.S. Patent Office
    No real information beyond that. The tweet adds this tantalizing tidbit, stating that this action is “through the island nation of Tonga covering: launch, on-orbit, and reentry services, spaceflight travel, in-space manufacturing services, custom manufacturing & processing of pharmaceuticals.” Tonga is east of Australia in the Pacific. Is SpaceX planning Starship landings there?
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Belgium company joins Starlab space station consortium

8:25 am

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The Starlab consortium, proposing to build its single-module large Starlab space station that will be launched on Starship, has now added the Belgium company Space Applications Services (SpaceApps) as both a partner and investor.

SpaceApps contributes deep experience in space systems, mission operations and payload integration with capabilities that include avionics, payload development, the end-to-end International Commercial Experiment Cubes (ICECubes) service, as well as mission integration and operations control software. The company also works closely with the European Space Agency and international partners, broadening Starlab’s access to global markets and research communities.

The Starlab consortium already includes the American companies Voyager Space and Northrop Grumman and the European company Airbus. It also has a partnership agreement with the European Space Agency. This new Belgium partnership further cements its place as Europe’s potential future space station after ISS is retired.

This deal is only one of several news stories in the past week signaling progress by this consortium. It has signed the American company Vivace to build the station’s main structure and its partner Northrop Grumman has successfully tested the rendezvous and docking technology its Cygnus cargo capsule will use to dock with Starlab. All in all this station appears to be assembling the pieces its needs.

Below is my updated rankings of the four commercial stations under development:
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Axiom hires Redwire to build the solar panels for its first station module

9:18 am

Axiom's new module assembly sequence
Axiom’s assembly sequence for its planned station, initially attached to ISS but subsequently detached

The space station startup Axiom today announced that it has signed an agreement with the space hardware company Redwire to build the solar panels for its first station module, now under construction.

The companies announced Sept. 25 that Redwire will provide a version of its Roll-Out Solar Array, or ROSA, to Axiom for use on Axiom Station’s Payload Power Thermal Module, known as AxPPTM. AxPPTM is the first module Axiom plans to launch for its commercial station. Under a revised assembly schedule announced last December, AxPPTM will berth with one of two ports on the International Space Station used by Cygnus cargo spacecraft.

It would remain there until Axiom launches a second module, called Hab1. At that point, AxPPTM would unberth from the ISS and dock with Hab1, forming the initial station that can support four-person crews. Axiom would later add more modules.

At present Axiom is targeting a 2026 launch of the AxPPTM module. The hull, built by Thales Alenia, is presently being tested in Europe, and is expected to shipped to Houston for integration later this year.

The four commercial stations under development, ranked by me based on their present level of progress:
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Starlab selects Vivace to build the primary structure of its proposed space station

8:25 am

The American space stations under construction
The American space stations under development

The Starlab consortium today announced that it has chosen the Louisiana space hardware company Vivace to build the primary structure of its proposed space station, designed to launch as one very large module inside SpaceX’s Starship.

The aluminum-based structure, one of the largest single spaceflight structures ever developed for launch, will be built at Vivace’s facility in New Orleans, La., with additional development and testing support from [NASA’s] Michoud Assembly Facility (MAF) in Louisiana.

…The program will use Vivace’s New Orleans facility at MAF for fabrication, with support from U.S. government partners for subject matter expertise, structural analysis and potential test infrastructure. MAF will also support specialized large-scale manufacturing and assembly operations.

It appears Starlab chose this subcontractor because of its extensive ties to NASA, likely in the hope this will increase the chances it will win the upcoming station construction contracts NASA is expected to issue in the next year or so.

The four commercial stations under development, ranked by me based on their present level of progress:
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Space station startup Vast endorses NASA’s new strategy that no longer requires a continuous human presence in space

8:02 am

The American space stations under construction
The American space stations under development

Officials from the space station startup Vast revealed at a conference last week that they endorse NASA’s new strategy that, not only no longer requires the commercial stations to immediately establish a continuous human presence in space, will also award multiple development contracts to the commercial stations.

Speaking Sept. 11 at the Global Aerospace Summit, Max Haot [chief executive of Vast] endorsed NASA’s new strategy, announced more than a month ago, that calls for multiple Space Act Agreements to support development leading to a four-person, 30-day demonstration mission. “We think it’s really the right direction,” he said, noting it accelerates the award timeline. NASA said in a draft solicitation this month it expects to award multiple funded agreements by April 2026, months sooner than under earlier plans.

The original plan had been to choose at most two, but likely only one of the four consortiums/companies that are developing station proposals. The winner would have gotten a big contract that would have also required it to push hard for continuous full time occupation, from day one.

The new plan will instead award smaller development contracts to as many as three of the four station projects, aimed at getting them off the ground and operating, even if astronauts only fly in them intermittently. Eventually the hope is that their capabilities will expand quickly to permanent occupation, especially if they start earning revenue from the private sector, outside NASA. In fact, the smaller government contracts will force them to seek investment and profits elsewhere.

The four commercial stations under development, ranked by me based on their present level of progress:
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Axiom completes first set of underwater tests of its commercial spacesuit

10:19 am

Axiom's moonsuit
Click for original image.

Axiom, in partnership with the company KBR, has successfully now completed its first set of manned underwater tests of its commercial spacesuit, being built for NASA but owned by Axiom and available for use by others.

These initial crewed tests involved an astronaut being fully submerged in the NBL’s 6.2-million-gallon pool while wearing Axiom Space’s next-generation spacesuit, the AxEMU, which is being developed for use on NASA’s Artemis III mission. The goal was to evaluate the suit’s integrity in an environment that closely simulates the weightlessness of space.

Throughout the tests, the suit remained completely sealed and airtight, signifying it’s ready for more advanced evaluations, and ultimately, future missions.

For Axiom, having its own spacesuit makes its space station project more viable. None of the other proposed stations presently have suits, though Vast’s Haven project is closely tied with SpaceX, and thus would likely work with that company to upgrade SpaceX’s spacesuit used on Jared Isaacman’s last private orbital mission.

The four commercial stations under development, ranked by me based on their present level of progress:
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Acting NASA head Duffy reshapes NASA’s space station plans

9:36 am

Sean Duffy
Sean Duffy, transportation secretary and interim
NASA administrator

Earlier this week NASA’s interim administrator Sean Duffy issued a new directive [pdf] that fundamentally reshaped the agency’s space station program in how it will fund and operate the private commercial space stations now under development.

Under the present plan, NASA had issued development contracts to three proposed commercial stations, with a major contract award expected next year to one of the four companies/consortiums that are bidding. Duffy instead wants NASA to fund all the stations in an open-ended manner.

Instead of moving forward in Phase 2 with a firm fixed price contract for [commercial station] certification and services, NASA will continue to support U.S industry’s design and demonstration of [commercial stations] with multiple funded SAAs [Space Act Agreements] for the next phase. NASA will shift the formal design acceptance and certification planning acceptance from this SAA phase to a follow-on certification phase.

Utilizing SAAs for the next phase better aligns with enabling development of US industry platforms. It provides greater resources for industry to align schedule with NASA’s needs. SAAs also provide more flexibility to deal with possible variations in funding levels without the need of potentially protracted and inefficient contract renegotiations.

SAAs are generally fixed price, but the structure Duffy is establishing appears to allow NASA to supplement these contracts endlessly, making them a kind of hybrid cost-plus deal. It also aims at supporting “a minimum of two, preferably three or more” of the private stations under development.

Duffy’s shift to SAAs will also give the private stations more design and operational freedom, as SAAs shift responsibility and ownership to the company, not NASA. The arrangement will also likely require a larger investment by the companies, though this is not clear in Duffy’s directive.
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Starlab partners with the interior design company Journey

3:12 pm

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The consortium designing the commercial Starlab space station has now signed a partnership deal with the interior design company Journey for the latter to design the station’s habitable interior.

Journey brings a deep portfolio of globally recognized projects, including the Sphere in Las Vegas, the Empire State Building observatory in New York City and the Sun Princess Dome for Princess Cruises. The agency will be working closely with Hilton, one of the original strategic partners in the Starlab program, designing the Starlab hospitality and crew experience. Journey’s role adds a vital layer of design and experiential innovation, shaping a space that reflects both function and humanity.

Much of the press release is similar blather. It is good that Starlab is thinking about making the living space in its station “both a cutting-edge research platform and a welcoming, livable habitat,” but this deal doesn’t include any actual design work. Apparently nothing concrete will be done until Starlab wins the big NASA construction project — assuming it does so. Thus, I still rank Starlab low in my rankings of the four commercials stations being built or proposed, but this deal has convinced me to raise its ranking above Orbital Reef. Both have built little, but Starlab is at least making a lot of partnership deals with others, strengthening the quality of its team.

  • Haven-1, being built by Vast, with no NASA funds. The company is moving fast, with Haven-1 to launch and be occupied in 2026 for an estimated 30 days total. It hopes this actual hardware and manned mission will put it in the lead to win NASA’s phase 2 contract, from which it will build its much larger mult-module Haven-2 station..
  • Axiom, being built by Axiom, has launched four tourist flights to ISS, with the fourth carrying government passengers from India, Hungary, and Poland. Though there have been rumors it has cash flow issues, development of its first module has been proceeding more or less as planned.
  • Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with an extensive partnership agreements with the European Space Agency and others. It recently had its station design approved by NASA, but it has built nothing. The company however has now raised $383 million in a public stock offering, which in addition to the $217.5 million provided by NASA gives it the capital to begin some construction.
  • Orbital Reef, being built by a consortium led by Blue Origin and Sierra Space. Overall, Blue Origin has built almost nothing, while Sierra Space has successfully tested its inflatable modules, including a full scale version, and appears ready to start building its module for launch.

Hat tip to BtB’s stringer Jay.

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Voyager Technologies raises nearly $400 million in first public stock offering

9:43 am

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The space station startup Voyager Technologies has now raised $383 million during its first public stock offering this week, with the possibility of more investment capital to come.

The six-year-old provider of mission-critical space and defense technology solutions sold 12.35 million shares at $31 each, pricing above the $26–$29 range it marketed last week. The Denver-based company had initially planned to offer 11 million shares.

Underwriters also have a 30-day option to purchase up to 1.85 million additional shares of the company’s Class A common stock, up from 1.65 million, trading under the ticker symbol VOYG.

Of the four private commercial space stations under development, Voyager is the only one to have so far built nothing. Its station, dubbed Starlab, is conceived as a single large module launched on SpaceX’s Starship/Superheavy rocket. Though the company has obtained a $217.5 million development grant from NASA, and is partnering with Airbus, Northrop Grumman, and the European Space Agency, it has focused so far all of its work on design.

We must assume the company intends to use this additional public capital to begin some construction. It likely needs to if it is to have any chance of winning NASA’s major contract for building the station itself, since all of its other competitors are doing so. My present rankings for these four projects:

  • Haven-1, being built by Vast, with no NASA funds. The company is moving fast, with Haven-1 to launch and be occupied in 2026 for an estimated 30 days total. It hopes this actual hardware and manned mission will put it in the lead to win NASA’s phase 2 contract, from which it will build its much larger mult-module Haven-2 station..
  • Axiom, being built by Axiom, has launched three tourist flights to ISS, with a fourth to launch momentarily, carrying passengers from India, Hungary, and Poland. Though there have been rumors it has cash flow issues, development of its first module has been proceeding more or less as planned.
  • Orbital Reef, being built by a consortium led by Blue Origin and Sierra Space. Overall, Blue Origin has built almost nothing, while Sierra Space has successfully tested its inflatable modules, including a full scale version, and appears ready to start building its module for launch.
  • Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with an extensive partnership agreement with the European Space Agency. It recently had its station design approved by NASA, but it has built nothing. The company however has now raised $383 million in a public stock offering, which in addition to the $217.5 million provided by NASA gives it the capital to begin some construction.
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