Orbital debris removal company Astroscale to buy satellite life extension firm Effective Space

by | Jun 12, 2020 | Finance, Seradata News, Technology

Astroscale Holdings, Japan, announced on 3 June 2020, that their American subsidiary, Astroscale US Inc., had entered into an agreement to purchase Israeli company Effective Space. Astroscale is a newspace company formed in 2013, to develop orbital debris mitigation technologies and services. Effective Space, also formed in 2013, is developing the “Space Drone” platform to provide in-orbit life-extension and in the future, in-orbit satellite servicing services.

Astroscale US, intends to purchase the assets and the rights to the Space Drone platform. This will lead to marketing the Space Drone in the USA, as an alternative to the Northrop Grumman MEV in the satellite life-extension market. As part of the planned purchase Astroscale US, will set-up an Tel Aviv, Israel, subsidiary and employ many Effective Space employees there as their life-extension R&D department. This deal will require approvals but is expected to be completed this year.

 

Before this takeover announcement from Astroscale, they had previously opened their Series E round of financing in May 2020. Astroscale has managed to raise over US$100 million so far over previous financing rounds and other fund raising. The company has already secured their first Series E contributor, Japanese data centre provider I-NET CORP. They anticipate that this round of funding will close by the end of 2020.

About Seradata

Seradata produces the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9evaRoscosmosspacewalkDGAaviation weekBlue OriginInternational Space StationaresIGTsoyuzRocket LabBeidouawardsStarlinkspaceAirbus DSboeingSatellite broadcastingrussiamoonOneWebISROCargo Return VehiclemarsblogresearchspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegaSESthales alenia spacetourismbarack obamaconstellationfiguresnorthspaceflightIntelsatnode 2fundedRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiosuborbitaltestmissiledocking portexplorationAriane 5 ECAVirgin OrbitinternetSLSLong March 2D/2ElectronNorthrop GrummanChina Manned Space Engineeringsts-122Ariane 5missile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttleAriane 6scaled compositesIntelsat 23European Space AgencyLauncherOneCosmoshanleybudgetrulesnew yorkatvVietnamshenzhoucongressMojaveboldennew shepardLong March 2CInmarsatOrbital ATKcnesiaclunar landerGuiana Space CenterApollolawsUS Air ForceSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AkscILSprotondarpaTalulah RileyElectron KSFalcon 9v1.2 Block 5Vega CNorth KoreaeuSkylonAstriumpicturebaseusaastronautdragonlanderfiveeventTelesatSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.