4iG Invests $100 Million in Axiom Space for Future Low-Earth Orbit Projects
4iG's $100 million investment in Axiom Space positions the Hungarian telecommunications company as a partial owner in a significant post-ISS space project. Axiom Space, founded in 2016, is developing a commercial space station that will initially connect to the ISS, leveraging its infrastructure before operating independently.
The company has secured hundreds of millions in funding from private investors and NASA contracts. Axiom's business model includes commercial astronaut missions and plans to expand into microgravity research and space-based data centers.
The first module is expected to launch between 2027 and 2028. However, Axiom faces competition from larger entities like Blue Origin and Boeing, which have robust financial backing and established expertise.
Additionally, Axiom has a key role in developing next-generation spacesuits for NASA's Artemis program, providing long-term service contracts. Overall, the investment reflects a strategic position in a nascent market with uncertain returns.
