Astroscale raises $76 million in private investment capital from Mitsubishi, space tourist Maezawa, and others
The Japanese startup Astroscale, which is focused on removing orbital space junk and robotic satellite repair, has raised $76 million in private investment capital, bringing the total it has raised from private sources to $376 million.
Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term sustainability across all orbits, has closed a Series G round with more than U.S. $76 million in funding from new investors Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.
The investors are of interest. Billionaire Maezawa, who has already flown to ISS as a tourist and has purchased a lunar mission on SpaceX’s Starship, contributed $23 million of the $76 million. Mitsubishi in turn has contributed at least $25 million. Both suggest Astroscale is now on very solid financial ground.
It also appears that the big players in Japan see Astroscale’s business plan as viable and expected to be profitable.
The Japanese startup Astroscale, which is focused on removing orbital space junk and robotic satellite repair, has raised $76 million in private investment capital, bringing the total it has raised from private sources to $376 million.
Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term sustainability across all orbits, has closed a Series G round with more than U.S. $76 million in funding from new investors Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.
The investors are of interest. Billionaire Maezawa, who has already flown to ISS as a tourist and has purchased a lunar mission on SpaceX’s Starship, contributed $23 million of the $76 million. Mitsubishi in turn has contributed at least $25 million. Both suggest Astroscale is now on very solid financial ground.
It also appears that the big players in Japan see Astroscale’s business plan as viable and expected to be profitable.