Ispace awarded $5.83 million loan from Japanese government
The planetary lander startup Ispace today announced that it has been awarded a $5.83 million loan from the Japan Finance Corporation, a government corporation designed to issue loans to encourage Japanese businesses.
The money will be issued this month, and Ispace will have ten years to pay it back. Depending on whether the company is profitable or not, the interest rate will be either 0.5% or 4.15%.
Ispace’s one lunar landing attempt so far, Hakuto-R1, was a failure when its software thought it was close to the ground at three miles altitude and shut off its engines. The company however is going to try again, with the launch of its second lander, dubbed Resilience, scheduled for a January 2025 launch. It will also carry the company’s own Tenacious micro-rover, and will hopefully land as shown in the map to the right, in the north of the Moon’s near side.
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The planetary lander startup Ispace today announced that it has been awarded a $5.83 million loan from the Japan Finance Corporation, a government corporation designed to issue loans to encourage Japanese businesses.
The money will be issued this month, and Ispace will have ten years to pay it back. Depending on whether the company is profitable or not, the interest rate will be either 0.5% or 4.15%.
Ispace’s one lunar landing attempt so far, Hakuto-R1, was a failure when its software thought it was close to the ground at three miles altitude and shut off its engines. The company however is going to try again, with the launch of its second lander, dubbed Resilience, scheduled for a January 2025 launch. It will also carry the company’s own Tenacious micro-rover, and will hopefully land as shown in the map to the right, in the north of the Moon’s near side.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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