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ispace raised approximately $28,000,000 in a Series B investment round on 2020-08-20.
The funding raised by ispace is being used to build a small commercial lunar lander that aims to provide a high-frequency, low-cost delivery service to the Moon.
ispace is part of a team led by Draper that was selected by NASA to compete in the Commercial Lunar Payload Services (CLPS) Program.
ispace Europe was selected by the European Space Agency to be part of the PROSPECT Science Team for a program that seeks to extract water on the Moon.
ispace is a lunar exploration company founded in 2010 with over 100 staff and offices in Japan, Europe, and the United States.
ispace launched a new business line called Blueprint Moon to collect lunar data and offer data products to government, academic, and commercial customers.
On 2020-08-20, Tokyo-based ispace closed a $28,000,000 Series B funding round.
ispace previously planned to launch its first lander mission in 2021 before rescheduling it to 2022.
Since its 2018 preliminary design review, ispace reduced the Hakuto-R lander's height from 3.5 m to 2.3 m and its width with landing legs deployed from 4.4 m to 2.6 m.
ispace completed the critical design review of the Hakuto-R lander on 2020-07-30.
ispace raised a $95,000,000 Series A round in late 2017.
In 2018 ispace joined a Draper-led team that was selected by NASA to compete in the Commercial Lunar Payload Services (CLPS) Program.
ispace raised nearly $95,000,000 (USD) in Series A funding in 2017.
In 2019 ispace Europe was selected by the European Space Agency to be part of the Science Team for PROSPECT, a program to extract water on the Moon.
Beijing-based iSpace became the first private Chinese firm to launch a satellite into orbit in July 2019.
iSpace achieved orbit in July 2019.
Beijing-based iSpace completed a 200-second hot fire test of the 15-ton-thrust JD-1 methalox engine on 2020-05-19.
iSpace plans 100-kilometer vertical takeoff and landing tests of the Hyperbola-2 first stage later in 2020 and a full orbital test flight in the first half of 2021.
iSpace’s JD-1 engine passed a secondary start test on 2020-05-27, enabling planned future vertical takeoff, vertical landing (VTVL) tests.
Launch firms Landspace, iSpace, OneSpace, and Linkspace are developing launch vehicles with the aim of providing low-cost launch services domestically and internationally.