The clock is ticking for the remaining teams in the $30 million Google Lunar X Prize competition.
Barring another extension, they have until March 31 to land a vehicle on moon and travel 500 meters across it to claim the $20 million first prize or $5 million second prize. It’s not clear whether any of them will make the deadline.
TOKYO, December 13th, 2017 (ispace PR) —ispace, a Japan-based private lunar exploration company, announced today that it has raised $90.2 million* in Series A funding—not only the largest-ever Series A raised in Japan, but also the largest to date in the global commercial space sector (as of Dec. 13th, 2017).
The financing will be used to develop a lunar lander and conduct two lunar missions by the end of 2020. The funding was joined by Innovation Network Corporation of Japan; Development Bank of Japan; Tokyo Broadcasting System; Konika Minolta; Shimizu; Suzuki Motor; SPARX; Dentsu; Real Tech Fund; KDDI; Japan Airlines; and Toppan Printing.
TOKYO — ispace, a Japanese start-up responsible for Team HAKUTO’s entry in the Google Lunar X Prize, is planning to announce “the largest fund raised in Series A in the global space industry” next week to support its efforts to mine the moon.
“It involves a round of significant financing and details around the next missions of ispace, planned after the currently run HAKUTO project,” according to an invitation sent to journalists.
iSpace Helps Customers Address the Threatened Space Environment
COLORADO SPRINGS, Colo. (Lockheed Martin PR) — A growing number of satellite system owners and operators need new capabilities to protect their assets and missions in space. To address this need, Lockheed Martin (NYSE: LMT) introduces iSpace – intelligent Space – which provide defense, civil, commercial, and international customers with sensor data processing, space domain awareness, command and control, and battle management capabilities for the space domain.
TOKYO (ispace PR) — ispace, inc, a private lunar robotic exploration company, announced today that it has signed a Memorandum of Understanding (MOU) with the Japan Aerospace Exploration Agency (JAXA) to jointly create a roadmap for lunar resource development. Under this agreement, both parties will utilize their knowledge and network to develop plans and frameworks for creating an industry around lunar resource mining, delivery and utilization.