Ispace, which built the lunar lander Hakuto-R1, has raised $53 million in investment capital
The lunar lander company Ispace, which built Hakuto-R1, the lunar lander that crashed on the Moon last year, announced yesterday that it has raised $53 million in investment capital from a sale of its publicly traded stock.
The Tokyo-based company, which went public on the Tokyo Stock Exchange nearly a year ago, announced March 28 that it completed a sale of 10.25 million shares of stock, raising approximately 8.1 billion yen ($53.5 million). The shares were sold to institutional investors outside of Japan.
Most of the funding — about 7.1 billion yen — will go towards various elements of what the company calls Mission 3, a lander being developed by its American subsidiary, ispace U.S., for Draper. That APEX 1.0 lander will fly a mission in 2026 for NASA’s Commercial Lunar Payload Services (CLPS) program, going to the far side of the moon.
Before APEX flies the company has a second Hakuto-R-type mission planned, dubbed Resilience and targeting a launch late this year.
The lunar lander company Ispace, which built Hakuto-R1, the lunar lander that crashed on the Moon last year, announced yesterday that it has raised $53 million in investment capital from a sale of its publicly traded stock.
The Tokyo-based company, which went public on the Tokyo Stock Exchange nearly a year ago, announced March 28 that it completed a sale of 10.25 million shares of stock, raising approximately 8.1 billion yen ($53.5 million). The shares were sold to institutional investors outside of Japan.
Most of the funding — about 7.1 billion yen — will go towards various elements of what the company calls Mission 3, a lander being developed by its American subsidiary, ispace U.S., for Draper. That APEX 1.0 lander will fly a mission in 2026 for NASA’s Commercial Lunar Payload Services (CLPS) program, going to the far side of the moon.
Before APEX flies the company has a second Hakuto-R-type mission planned, dubbed Resilience and targeting a launch late this year.