The latest announcement is out from Astroscale Holdings Inc. ( (JP:186A) ).
Astroscale Japan, a subsidiary of Astroscale Holdings Inc., has been awarded a contract under Japan’s Key and Advanced Technology R&D through Cross Community Collaboration Program (K Program) to develop refueling technology for extending satellite life. This initiative, with a budget of up to ¥12 billion over five years, aims to advance the development and demonstration of essential technologies for satellite maintenance, enhancing stability in space systems. The project is strategically significant for Astroscale’s expansion in the global on-orbit servicing market, and its financial impacts are already factored into the company’s forecast for the fiscal year ending April 2025.
More about Astroscale Holdings Inc.
Astroscale Holdings Inc. operates in the space industry, focusing on the development and provision of on-orbit servicing solutions. The company is recognized for its work on satellite refueling and life extension technologies, with a market focus on capturing early demand for refueling services.
YTD Price Performance: -23.77%
Average Trading Volume: 1,243,276
Technical Sentiment Consensus Rating: Strong Buy
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