Ispace borrows $35 million
Resilience’s landing zone in Mare Frigoris
The Japanese lunar lander startup Ispace announced last week that it has obtained a new bank loan totaling $35 million from the Japanese bank Mizuho to help pay its ongoing expenses as its Resilience lunar lander attempts the company’s second try at soft landing on the Moon.
The loan is intended to secure working capital for development of mission and other related expenses. Through this financing, ispace intends to strengthen the company’s liquidity position and stabilize its financial foundation, thereby enabling agile management decisions.
In other words, the company had started to run short of cash, and needed this loan to keep operating. It had previously gotten a government loan of almost $6 million, but that did not have to be paid back for ten years. Back in 2018 it raised $90 million in investment capital, followed by an additional $53 million in 2024.
This loan suggests that Ispace might be in serious financial trouble if Resilience fails to soft land on June 5, 2025, as presently planned. The company already has two future lander contracts, one with NASA and one with Japan’s space agency JAXA, but a second failure now might cause those agencies to have second thoughts.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Resilience’s landing zone in Mare Frigoris
The Japanese lunar lander startup Ispace announced last week that it has obtained a new bank loan totaling $35 million from the Japanese bank Mizuho to help pay its ongoing expenses as its Resilience lunar lander attempts the company’s second try at soft landing on the Moon.
The loan is intended to secure working capital for development of mission and other related expenses. Through this financing, ispace intends to strengthen the company’s liquidity position and stabilize its financial foundation, thereby enabling agile management decisions.
In other words, the company had started to run short of cash, and needed this loan to keep operating. It had previously gotten a government loan of almost $6 million, but that did not have to be paid back for ten years. Back in 2018 it raised $90 million in investment capital, followed by an additional $53 million in 2024.
This loan suggests that Ispace might be in serious financial trouble if Resilience fails to soft land on June 5, 2025, as presently planned. The company already has two future lander contracts, one with NASA and one with Japan’s space agency JAXA, but a second failure now might cause those agencies to have second thoughts.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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