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Chief Engineer Jim Stein wears the new spacesuit during the Axiom Space Artemis III Lunar Spacesuit event at Space Center Houston in Houston, Texas, on March 15, 2023. Space company Axiom raised $350 million in a round that was led by Saudi-owned Aljazira Capital and Korean health-care investment firm Boryung, the company announced Monday. Houston-based Axiom trains and flies both private and government astronauts on missions to the International Space Station via launches with SpaceX. It's developing human spaceflight technologies including a commercial space station and a lunar spacesuit. It's flown two crews to the ISS, including the recently completed Ax-2 mission, and is working to launch its first space station module by 2026.
Persons: Jim Stein, Axion, It's, Naif Almesned Organizations: Space Center Houston, Saudi, Aljazira Capital, Houston, International Space, SpaceX Locations: Houston , Texas
Aug 21 (Reuters) - Axiom Space has raised $350 million in a funding round led by Saudi Arabia's Aljazira Capital and Korean healthcare firm Boryung as the startup works with NASA to develop a private space station. Axiom said the round took its total raise so far to $505 million and made it the space startup to receive the second-most funding in 2023, only behind Elon Musk's SpaceX. Axiom, which also has a $1.26 billion contract with the U.S. space agency NASA to develop spacesuits for use on the moon and other space programs, expects the first module of its private space station to launch by 2026. The company has also trained astronauts taken by SpaceX rockets to the International Space Station (ISS) as the once government-dominated space industry in the United States becomes increasingly privatized. Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Axiom, Arsheeya, Shailesh Organizations: Saudi Arabia's Aljazira, NASA, Elon, SpaceX, International Space, Thomson Locations: United States, Bengaluru
Shares of Sabic Agri-Nutrients are expected to rise by more than 50% over the next year thanks to a limited fertilizer supply worldwide, according to Bank of America. In contrast, BofA analyst Sashank Lanka said Sabic Agri-Nutrients pays $1.25/MMBtu for the gas, owing to its relationship with Saudi petrochemicals company Sabic, which is a majority shareholder. "We also expect the urea cost curve to steepen, supported by rising gas prices in EU and Asia along with high coal prices," Lanka added. Although gas prices have eased since their August peak, analysts expect demand to pick up in Europe during the winter. Sabic Agri-Nutrients reported an increase in net profits by 93.3% to 2.3 billion Saudi riyals ($610 million), compared to the previous year.
DUBAI, Oct 18 (Reuters) - Saudi Arabia sold on Tuesday $5 billion in Islamic and conventional bonds for which demand topped $26.5 billion as it held its first international bond sale in almost a year. "Saudi is a fairly logical substitute for Russia and its weight in indices such as the JPMGBI (JPMorgan Government Bond Index) has been growing." Saudi Arabia's finance ministry on Tuesday also invited holders of its $3 billion bonds due in 2023, $4.5 billion notes due in April 2025, $2.5 billion bonds due in October 2025 and $5.5 billion notes maturing in 2026 to tender them for cash. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, raised $3 billion with green bonds in its debt markets debut earlier this month. Saudi Arabia raised $3.25 billion in bonds in November via sukuk and bonds, after issuing bonds worth 1.5 billion euros in February and $5 billion in January last year.
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