Axiom Space is under scrutiny for its financial instability, with reports detailing layoffs and pay cuts while its ISS replacement project is notably delayed.
CEO Kam Ghaffarian's internal letter claimed that the media misrepresents Axiom's situation, hinting at further restructuring while not detailing specific inaccuracies.
Despite the turmoil, Ghaffarian expressed a commitment to Axiom's vision, stating, "We are building a bold vision for the future, and we will not be deterred."
The company's struggles include a significant cash crunch, numerous executive departures, and a design overhaul that left investors skeptical about the smaller space station.
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