Axiom Space Raises $350 Million for New Commercial Space Station

Axiom Space Inc. secured $350 million from investors including a fund affiliated with Donald Trump Jr., part of the Texas-based startup’s plan to advance projects such as a replacement for the International Space Station.

The funding round comes as NASA prepares for its Artemis II mission to launch four astronauts on a trip around the moon no earlier than March. Crew members on the subsequent Artemis III mission will wear Axiom-made spacesuits when they touch down on the moon’s surface for the first time in more than 50 years.

Axiom is working on the spacesuits and aims ...