Astroscale to go public
The Japanese orbital tug start-up Astroscale announced yesterday that it is becoming a publicly traded company on the Tokyo stock market, beginning June 5, 2024.
The company plans to offer 20.8 million shares in the initial public offering, but has not announced a share price. According to filings with the exchange, Astroscale will set that price May 27.
Astroscale has raised more than $375 million through a series of private rounds, most recently a $76 million Series G round in February 2023. That funding has primarily come from Japanese investors, including a strategic investment by Mitsubishi Electric in that Series G round.
The company has also won two major contracts with Japan’s space agency JAXA, building its two ADRAS-J missions to first rendezvous and survey an abandoned upper stage (as shown to the right) and then fly a grapple mission to de-orbit that stage sometime in the future.
The Japanese orbital tug start-up Astroscale announced yesterday that it is becoming a publicly traded company on the Tokyo stock market, beginning June 5, 2024.
The company plans to offer 20.8 million shares in the initial public offering, but has not announced a share price. According to filings with the exchange, Astroscale will set that price May 27.
Astroscale has raised more than $375 million through a series of private rounds, most recently a $76 million Series G round in February 2023. That funding has primarily come from Japanese investors, including a strategic investment by Mitsubishi Electric in that Series G round.
The company has also won two major contracts with Japan’s space agency JAXA, building its two ADRAS-J missions to first rendezvous and survey an abandoned upper stage (as shown to the right) and then fly a grapple mission to de-orbit that stage sometime in the future.