Space One was set up in 2018 by a consortium of Japanese companies including Canon Electronics, IHI Aerospace Co and construction firm Shimizu, along with the government-owned Development Bank of Japan.shares fell as much as 12.7% on Wednesday after Tokyo-based Space One's small rocket exploded just moments after its maiden launch.. If successful, Space One would have been Japan's first company to put a satellite in orbit, according to Reuters.
Space One has not disclosed launch costs, Reuters reported, adding that an executive previously said the company is "competitive enough" against American rival
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