Welcome to Extreme Investor Network, your go-to source for the latest news and insights in the world of business and investment. Today, we’re diving into the exciting developments in the private space station market with a focus on the recent $125 million contract signed by Washington-based startup, Gravitics.
Gravitics has emerged as a key player in the race to expand Axiom Space’s planned space station, marking a significant milestone in the growing private market for orbiting habitats. The company’s CEO and founder, Colin Doughan, described the partnership with Axiom as an exciting development, highlighting the opportunity to work with the station operator that will have hardware in orbit soonest.
As NASA plans for the International Space Station’s eventual retirement, private companies like Axiom are stepping up to fill the void with their own space station modules. Gravitics, founded in 2021, has secured its most significant contract to date with Axiom, further solidifying its position as a manufacturer of private space stations.
What sets Gravitics apart is its innovative approach to space station modules, designed to be versatile and compatible with a variety of launch vehicles. The company’s modules range in size from 3 meters to 8 meters in diameter, with the largest module, named StarMax, claiming the title of the “largest interior volume in a standalone spacecraft.”
Looking ahead, Gravitics is actively pursuing partnerships with other companies involved in NASA’s Commercial LEO Destinations program, aiming to play a key role in the next phase of space station development. With a focus on hardware development and testing, Gravitics is on track to launch a subscale spacecraft by 2026, further solidifying its position in the private space station market.
The recent agreement with Axiom is just the beginning for Gravitics, with plans to double its headcount, kick off a new round of fundraising, and continue driving innovation in the private space industry. Stay tuned to Extreme Investor Network for more updates on the evolving landscape of business and investment, and be sure to sign up for our newsletter for weekly editions of CNBC’s Investing in Space.