1789 Capital announced a strategic investment in Starlab Space Stations, a joint venture developing a commercial space station to replace the International Space Station. The investment amount was not disclosed in the announcement.

Starlab is a joint venture among Voyager Technologies (NYSE: VOYG), Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services. Strategic partners include Hilton, Journey, Northrop Grumman, and The Ohio State University.

"As the ISS approaches retirement, we cannot afford a gap in American presence in low-Earth orbit while the Tiangong is expanding and competing for dominance in the orbital economy," said Matt Kuta, president of Voyager Technologies.

The venture aims to develop an AI-enabled commercial space station designed to maintain human presence in low-Earth orbit following the retirement of the International Space Station. Starlab's platform is intended to support scientific research and technological advancement in space.

"America built the space age and must lead the next one," said Omeed Malik, founder and president of 1789 Capital. "We invest in the next chapter of American exceptionalism, and Starlab is turning that vision into reality."

1789 Capital was founded in 2022 by Omeed Malik and Chris Buskirk. The Palm Beach, Florida-based firm focuses on providing financing to companies in what it calls the Entrepreneurship, Innovation & Growth economy.

The investment information was provided in a press release statement from the companies.