ispace raises $53.5 million
Posted: Sun, Mar 31, 2024, 9:08 AM ET (1308 GMT)
Japanese lunar lander developer ispace has raised more than $50 million in a stock sale. The company announced Thursday it sold $53.5 million in stock to international institutional investors. The company says it will use the proceeds to support development of future lunar lander missions, including Mission 3, which ispace U.S. is building for Draper for a NASA mission. The company, which went public nearly a year ago, lost its first lunar lander last April when it crashed during final descent. A second lander mission is scheduled to launch late this year.
Japanese lunar lander developer ispace has raised more than $50 million in a stock sale. The company announced Thursday it sold $53.5 million in stock to international institutional investors. The company says it will use the proceeds to support development of future lunar lander missions, including Mission 3, which ispace U.S. is building for Draper for a NASA mission. The company, which went public nearly a year ago, lost its first lunar lander last April when it crashed during final descent. A second lander mission is scheduled to launch late this year.
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