Key Updates for HAKUTO-R Announced as Mission 1 Lander Prepares to Enter Final Stage of Integration

A fuel tank being installed into the lander. (Credit: ispace)

M1 and M2 currently planned for launch as early as Q4 2022* and 2024*, respectively, and an early look at a new micro rover planned for first deployment on M2, among other updates

TOKYO – January 25, 2022 – Today, ispace, inc. (ispace), a lunar exploration company with its headquarters in Japan and regional offices in the United States and Europe, shared key developments related to the company’s HAKUTO-R program, which consists of its planned first and second lunar missions, Mission 1 (M1) and Mission 2 (M2).

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ispace Receives $17.9 Million in Bank Loans

HAKUTO-R lander on the moon. (Credit: ispace)

TOKYO (ispace PR) – ispace, inc. (ispace) announced that it signed loan agreements totaling of $17.9 million (USD)[1] with Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Resona Bank, Limited, and Japan Finance Corporation. As of May 31, ispace’s total amount of bank loans reached $20 million (USD)[2] including the existing loan from Japan Finance and Dai-ichi Kangyo Credit Cooperative.

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ispace Raises $28 Million in Series B Funding, Announces Lunar Data Business

HAKUTO-R lander. (Credit: ispace)

Cumulative total investment reaches approximately $125 million USD

TOKYO, August 20, 2020 (ispace PR) – Today, ispace, inc. (ispace), along with IF SPV 1st Investment Partnership (managed by Incubate Fund) as the lead investor, Space Frontier Fund (managed by Sparks Innovation for Future, Inc.), Takasago Thermal Engineering Co., Ltd., and Mitsui Sumitomo Insurance Co., Ltd., announced that ispace raised approximately $28 million (USD) [1] from the four organizations for its Series B investment round.

This brings ispace’s cumulative total investment to approximately $125 million (USD) [2], including its Series An investment of approximately $95 million (USD), as well as its seed investment.

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SPARX Group Establishes Space Frontier Fund to Foster Japanese Space Industry

TOKYO, June 29, 2020 (SPARX Group PR) — SPARX Innovation for the Future Co., Ltd. (SIF)—a subsidiary of SPARX Group Co., Ltd. (SPARX; TSE1: 8739)—today announced that it established the Space Frontier Fund. The Fund primarily aims to support human resources and technology development in space-related industries, to foster Japanese space companies that are competitive on the world stage, and to contribute to technological innovation throughout Japan.

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