Tag: Synspective

Rocket Lab gets a new 10-launch contract from Japanese satellite company

9:08 am

Rocket Lab yesterday signed a new 10-launch contract with the Japanese satellite company Synspective, with the launches scheduled for the 2025-2027 timeframe.

Rocket Lab has been Synspective’s sole launch provider since 2020, having already launched four of its satellites, with two other launches already under contract. Thus, the satellite company has bought sixteen total launches from Rocket Lab. Its constellation is designed to provide surface data in any weather condition, using radar.

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Japanese satellite startup Synspective raises $100 million

10:08 am

Capitalism in space: The Japanese satellite startup Synspective announced today that it has successfully raised $100 million in private investment capital.

The latest funding was led by Sompo Japan Insurance Inc. (Tokyo, Japan), Nomura SPARX Investment, Inc. (Tokyo, Japan), and Pavilion Capital Pte. Ltd. (Singapore) among others, as well as bank loans, and it is supposed to be ranked within the top ten largest startups in Japan. This puts our total funding value at US $200M (22.8 billion yen) since our founding.

The company plans to launch a constellation of 30 radar satellites by 2026, designed to do Earth resource observations.

Synspective had hoped to launch its first demonstration satellite in ’23 on a Soyuz rocket. That launch is presently threatened by Russia’s invasion of the Ukraine, though it is not clear if it has been cancelled.

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