Investing in Space: Japan's ispace opens Denver headquarters as companies chase moon market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Tokyo-based lunar lander company ispace is rebooting its U.S. subsidiary, aiming to be a key transportation provider in the nascent moon business.

In Denver, Colorado, ispace is cutting the ribbons today on a new U.S. headquarters. The company's invested over $40 million to date in the subsidiary, which allows ispace to sell to NASA – one of the biggest sources of moon money currently – without violating export control regulations.after April's crunching first mission

Ron Garan, named CEO of ispace U.S. in June, is a former NASA astronaut and previously served as senior vice president of high-altitude balloon company World View. Garan's leading the "reboot" of the U.S. division. Though, the division's been without a leader for about a year, Garan told me. While Garan said ispace U.S. is "making tremendous progress," he admitted that "it's been a lot of work" due to technical, cultural and organizational challenges. The company's third mission was scheduled to launch in 2025 but is slipping to 2026., Garan said. Apex 1.0 is designed to carry as much as 300 kilograms of payload to the surface of the moon.

The U.S. ispace team is one of several companies that have won contracts from NASA to deliver science and research cargo to the moon's surface under the agency's Commercial Lunar Payload Services program. In the year ahead, three other U.S. companies – Intuitive Machines, Astrobotic and Firefly – expect to launch competing missions to the moon's surface.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top 5 Stocks to Own as Treasury Yields Surge to 16-Year HighsStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, US Small Cap 2000, 3M Company, Pfizer Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »