Space Startup Raises $90 Million to Start Moon Ads by 2020
- Startup Ispace targets landing on moon surface by 2020
- Goal is to create lunar economy that supports more development
Outer Space Is About to Get a Whole Lot Closer
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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 Co. and television network Tokyo Broadcasting System Holdings Inc. The funds will be used to send a spacecraft into lunar orbit by 2019, and then land one a year later.