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.
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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 support of my readers through the years has given 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. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
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. Even today NASA and Congress refuse to 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.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five 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:
5. 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. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
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