The partners aim to “build a circular economy in space” in which space junk and expired satellites can be recycled and manufactured into new spacecraft.
The company plans to issue 20.8 million shares, with an offering price to be posted on May 27, according to a financial filing with the Tokyo Stock Exchange.
Space Systems Command has awarded Astroscale U.S. a $25.5 million contract to deliver by 2026 a prototype spacecraft that can refuel other satellites in space.
Astroscale Holdings has established a subsidiary in Paris, Astroscale France SAS, and is to sign a contract with the CNES to study space debris removal.