Latest Tokyo Brief coverage on ispace,inc., tracking filings, financial news, and market signals from Japan.
TSE:9348
ispace's board approved a ¥3bn loan from Shizuoka Bank for mission-development working capital, unsecured and on a three-year bullet repayment, but the loan requires the company to keep at least ¥3bn in cash and positive net assets at every fiscal year-end.
Ispace has signed Mitsubishi Heavy Industries to launch its ULTRA lunar lander on the H3 rocket in 2028, keeping the contract price confidential and deferring the cost until liftoff.
ispace,inc.'s Luxembourg unit will build, run and ship a lunar rover for the European Space Agency's water-ice mission under a ¥12bn add-on deal already counted in the company's current revenue forecast, though the value of the two earlier contract stages remains undisclosed.
NASA and Draper mutually cancelled the CLPS CP-12 lunar-transport task order on July 9, and ispace's US subsidiary now expects its own lander subcontract with Draper to follow suit, though the Tokyo-listed company says it already excluded that revenue from its forecast for the year to March 2027 back in March.
ispace paid SpaceX $50mn for 500kg of payload space on a Starship mission targeting a lunar landing as early as 2030, and will resell that capacity to customers with payloads too small for a dedicated lander, alongside its own ULTRA lander missions planned for 2028, 2029 and 2030.