Ispace signs agreement with lunar mining startup
The Japanese lunar lander startup Ispace has now signed an agreement with a lunar mining startup dubbed Magna Petra to transport the latter company’s helium-3 mining equipment to the Moon.
In a memo of understanding, ispace and Magna Petra have agreed to collaborate to utilize the moon’s resources for economic benefits to life on Earth, the companies announced Tuesday, Dec. 10. Through “non-destructive, sustainable harvesting,” according to a joint statement, Magna Petra plans to one day extract “commercial quantities” of helium-3 isotopes from regolith on the lunar surface for delivery and distribution back on Earth, where the resource is facing an extreme supply shortage.
Ispace meanwhile still has to prove it can put a lander on the Moon. Its first attempt, Hakuto-R1, almost succeeded, but crashed in April 2023 when its software thought it was just above the ground and shut down its engines when it was still three miles high. The company’s second attempt, dubbed Resilience and carrying a rover dubbed Tenacious, is scheduled for launch in January 2025. The landing site is shown on the map to the right, within Mare Frigoris in the northern part of the Moon’s nearside hemisphere.
The Japanese lunar lander startup Ispace has now signed an agreement with a lunar mining startup dubbed Magna Petra to transport the latter company’s helium-3 mining equipment to the Moon.
In a memo of understanding, ispace and Magna Petra have agreed to collaborate to utilize the moon’s resources for economic benefits to life on Earth, the companies announced Tuesday, Dec. 10. Through “non-destructive, sustainable harvesting,” according to a joint statement, Magna Petra plans to one day extract “commercial quantities” of helium-3 isotopes from regolith on the lunar surface for delivery and distribution back on Earth, where the resource is facing an extreme supply shortage.
Ispace meanwhile still has to prove it can put a lander on the Moon. Its first attempt, Hakuto-R1, almost succeeded, but crashed in April 2023 when its software thought it was just above the ground and shut down its engines when it was still three miles high. The company’s second attempt, dubbed Resilience and carrying a rover dubbed Tenacious, is scheduled for launch in January 2025. The landing site is shown on the map to the right, within Mare Frigoris in the northern part of the Moon’s nearside hemisphere.