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Astroscale Advances in Space Debris Reduction Project
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Astroscale Advances in Space Debris Reduction Project

Astroscale Holdings Inc. (JP:186A) has released an update.

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Astroscale Holdings Inc. has received approval to transition to Phase 2 of the ISSA-J1 project, which aims to advance technology for space debris reduction. The Japanese Ministry of Education, Culture, Sports, Science, and Technology backs this project, with Phase 2 receiving up to ¥6.31 billion in funding, scheduled to last until December 2026. This development has already been factored into Astroscale’s financial forecast for the fiscal year ending April 2025.

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