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Axiom Space News: ISS Retirement Boosts Private Space Ventures

September 18, 2024

Axiom Space Unicorn News - September 18, 2024

The planned decommissioning of the International Space Station by 2030 is setting the stage for private companies like Axiom Space to advance their ambitions in space. Axiom Space aims to launch the first commercial space station by late 2026, highlighting a shift towards commercial activities including science, mining, and tourism in space.

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( 00:00:33 ) The International Space Station's Retirement Paves Way for Private Space Ventures

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The International Space Station (ISS) is set to be decommissioned and deorbited by 2030, signaling a major shift towards the commercialization of space. As the ISS approaches the end of its operational life, the focus is moving to the development of lower-orbit commercial space stations. Axiom Space, a Houston-based company, is leading this transition with plans to launch the first commercial space station by late 2026. This initiative is part of a larger trend that includes scientific and medical research, as well as mining and tourism in space.

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