Space Station

On March 5, 2026, Vast announced $500M in new financing: $300M Series A equity and $200M in debt, led by Balerion Space Ventures with Qatar Investment Authority (QIA), IQT, Mitsui, MUFG, Nikon, Stellar Ventures, Space Capital, and Earthrise Ventures. Founder Jed McCaleb also participated. A.C. Charania (former NASA Chief Technologist, now Balerion advisor) joined the Vast board as part of the transaction. Vast is the only commercial space station company to have already built, launched, and operated its own spacecraft — Haven Demo completed its mission in February 2026. Haven-1 integration is underway with schedule updated to Q1 2027. Total investment now exceeds $1 billion. Capital funds Haven-1 completion and Haven-2 development for NASA's CLD Phase 2.

Vast announced a $500 million funding round on March 5, 2026, consisting of $300 million in Series A equity and $200 million in debt. The round was led by Balerion Space Ventures with participation from the Qatar Investment Authority, IQT, Mitsui & Co., MUFG, Nikon Corporation, Stellar Ventures, Space Capital, Earthrise Ventures, and Vast founder Jed McCaleb. Total investment in Vast's space station program now exceeds $1 billion. The funds will be used to complete Haven-1 integration and environmental testing, expand facilities, and advance the Haven-2 architecture that Vast intends to propose for NASA's Commercial LEO Destinations Phase 2 contract, expected to be awarded in summer 2026.

Sierra Space secured $550 million in equity funding, pushing its valuation to $8 billion as it accelerates development of Dream Chaser and orbital infrastructure.

Axiom Space announced $350M in mixed equity and debt financing on February 12, 2026, co-led by Type One Ventures and Qatar Investment Authority (QIA). Participants include 1789 Capital (associated with Donald Trump Jr.), Hungarian telecom 4iG (which separately committed $100M after flying a Hungarian astronaut on Ax-4), LuminArx Capital Management, and founder Kam Ghaffarian. JP Morgan served as sole placement agent. Funds go toward Axiom Station Module 1 (Payload Power Thermal Module, launching 2028 to ISS) and Module 2 (habitation module), plus the AxEMU spacesuit NASA contract (delivery targeted 2027 for Artemis III). CEO Jonathan Cirtain (assumed October 2025) confirmed both programs are on schedule. Company's last round was August 2023 ($350M, co-led by Aljazira Capital).