Japanese companies are planning to kick-start the lunar economy by backing a local startup’s mission to land on the moon by 2020. Tokyo-based Ispace Inc said it raised 10.2 billion yen ($90 million) from some of the country’s biggest businesses, including Japan Airlines and television network Tokyo Broadcasting System Holdings. The funds will be used to send a spacecraft into lunar orbit by 2019, and then land one a year later. Private companies are playing a bigger role in space development, from Elon Musk’s rocket launcher Space Exploration ...
Space startup raises $90 million to bring ads to Moon by 2020
Ispace says the initial business opportunity is mostly in marketing, including slapping corporate logos on its spacecrafts and rovers, and delivering images to be used in advertising
Bloomberg Last Updated at December 13, 2017 23:19 IST