Astroscale Lands Record Space Debris Removal Contract

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

Astroscale Holdings Inc. has secured a landmark contract worth 12,000 million yen with the Japan Aerospace Exploration Agency (JAXA) for Phase II of the Commercial Removal of Debris Demonstration (CRD2), marking the company’s largest deal to date. This project, named ADRAS-J2, will focus on the removal and deorbiting of space debris, specifically an unprepared Japanese rocket body, to mitigate the growing space debris problem and demonstrate advanced removal technologies. The financial impact of this project has been accounted for in Astroscale’s consolidated financial forecast for the fiscal year ending April 2025.

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