Axiom Space is currently facing significant financial struggles, laying off employees and reducing wages, while trying to meet the deadline for developing a successor to the ISS by 2030.
Investors are uncertain about Axiom's shift to a smaller, less commercially viable space station design, adding to the company's cash flow challenges and re-evaluated business model.
Axiom Space's attempts to generate revenue through ISS seat sales and NASA contracts, such as funding a space suit, have not been enough to alleviate deeper operational issues.
CEO Kam Ghaffarian has been financing Axiom Space from his personal funds, however, the efforts have not resolved the financial instability threatening the company’s future.
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