Astroscale Closes Series G Funding Round with an Additional U.S. $7.5 Million, Bringing Total Capital Raised to U.S. $383 Million

Posted October 6th, 2023 Posted in News ,

Tokyo, Japan, Oct. 6, 2023 Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, has announced the closing of its Series G round with additional funding of U.S. $7.5 million from Mizuho Bank, Ltd. (“Mizuho Bank”). This brings the Series G total amount raised to approximately U.S. $83.6 million and company’s total funding since establishment to approximately U.S. $383 million. Astroscale’s global entities have secured several new on-orbit servicing technology development contracts, and the additional capital will accelerate hiring to deliver these innovative solutions that will redefine current single-use space operations. 

“Despite the challenging economic environment, Astroscale continues to see impressive growth globally to meet the demands of government and commercial customers for our on-orbit servicing capabilities and solutions,” said Nobu Okada, Founder & CEO of Astroscale. “This additional funding will help us to meet this demand, while further establishing our overall industry leadership. Thank you to Mizuho Bank and all our investors for their commitment to our vision.”

Astroscale’s upcoming mission and project highlights include: 

Astroscale Japan has shipped its Active Debris Removal by Astroscale-Japan (ADRAS-J) spacecraft to its launch site. The ADRAS-J mission will be the world’s first attempt to safely approach and characterize an existing piece of large debris object through Rendezvous and Proximity Operations. A mission to develop an on-orbit inspection demonstration mission that will image and diagnose a large, defunct satellite in space is also underway. 

Astroscale UK is developing its active debris removal mission, Cleaning Outer Space Missions through Innovative Capture (COSMIC), in partnership with the UK Space Agency to remove two UK licensed defunct satellites. Plans to demonstrate the ELSA-M servicer in 2025 in partnership with OneWeb, the UK Space Agency and the European Space Agency, are also underway.

Astroscale U.S. was awarded a U.S. $25.5 million contract by Space Systems Command to deliver a servicing vehicle prototype that will provide in-space refueling for compatible satellites.

Astroscale U.S. and Astroscale Israel teams are leading development of the technology and mission plan for Life Extension services.

Astroscale France secured a partnership with Centre National D’Etudes Spatiales that includes a funded study for active debris removal of French space debris. The specific debris will be determined in early 2024.