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.
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.