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Spaceflight Industries to sell rideshare business
Posted: Sat, Feb 15, 2020, 8:20 AM ET (1320 GMT)
Spaceflight Industries announced Tuesday it will sell its satellite rideshare launch business to two Japanese companies. Mitsui & Co., Ltd. and Yamasa Co., Ltd. will acquire Spaceflight, Inc. for an undisclosed sum in a deal expected to close in the second quarter. Spaceflight has arranged the launches of 271 satellites on 29 missions, including 64 on the Falcon 9 SSO-A launch in late 2018. Spaceflight will remain an independent company based in the U.S. under the deal. The sale allows Spaceflight Industries to focus on its BlackSky geospatial intelligence business, including the deployment of a constellation of high-resolution imaging satellites.
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