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On 2022-01-31, Astroscale Japan signed a loan agreement with the Bank of Tokyo-Mitsubishi UFJ and Japan Finance Corporation valued at JPY 3 billion (approximately USD $24,000,000).
The loan to Astroscale Japan falls under Japan Finance Corporation’s New Business Development Loans plan that was launched in 2000 to support small and medium sized businesses with high growth potential.
On 2022-01-18, Astroscale Japan was awarded funding from the New Energy and Industrial Technology Development Organization (NEDO) to advance on-orbit servicing interface technologies.
In July 2021, Astroscale Japan was selected by Japan’s Ministry of Economy, Trade, and Industry to research and develop extra-vehicular general-purpose robotic hand and arm technologies for spacecraft servicing in orbit and lunar environments.
Under the initial agreement, Orbit Fab’s GEO fuel shuttle will resupply Astroscale’s fleet of LEXI Servicers with up to 1,000 kg of Xenon propellant.
Under the contract, Orbit Fab will deliver the fuel for a fixed price and Astroscale commits to purchase that fuel.
Astroscale’s purchase of up to 1,000 kg of Xenon expands LEXI’s scope and flexibility to perform on-orbit servicing missions.
Astroscale entered the satellite servicing market in 2020 after acquiring Effective Space Solutions, an Israeli satellite life-extension and servicing company.
The agreement commits Orbit Fab to supply up to 1,000 kg of xenon propellant to refuel Astroscale’s LEXI vehicles.
Astroscale’s LEXI spacecraft is slated to launch to GEO by 2026.
Astroscale used intellectual property from Effective Space Solutions to develop LEXI and is adding four robotic arms to the vehicle.
Astroscale’s LEXI spacecraft is slated to launch to GEO by 2026.
Astroscale won a contract from the U.K. Space Agency to study the removal of two defunct satellites from low Earth orbit by 2025.
The Japan Aerospace Exploration Agency selected Astroscale to send a spacecraft into orbit in 2023 to inspect a discarded rocket upper stage.
Atsuyuki Uenaka will serve as Chief Administrative Officer at Astroscale and will continue to lead the company’s administrative functions and internal control processes.
Nobuhiro Matsuyama will work closely with Astroscale’s CEO and global management team to implement the company’s strategy to achieve business expansion and profitable growth.
Nobuhiro Matsuyama will work closely with Astroscale’s CEO and global management team to implement the firm’s strategy to achieve business expansion and profitable growth.
Atsuyuki Uenaka will serve as Chief Administrative Officer at Astroscale and continue to lead the company’s administrative functions and internal control processes.
SSTL provided the client 'target' satellite for Astroscale’s 2021 ELSA-d mission.
Astroscale closed a Series F funding round with additional funding of U.S. $109,000,000.