NewsOuter Space

Spaceflight Industries to Sell Spaceflight to Mitsui & Co and Yamasa

Spaceflight Industries, the parent of both Spaceflight and BlackSky, is selling the Spaceflight portion of its enterprise to Japanese industrial megacorporation Mitsui & Co, and Yamasa both of which will co-run the corporation in a 50/50 joint venture.

Spaceflight Industries to Sell Spaceflight to Mitsui & Co and Yamasa

The deal will see Spaceflight proceed to function as an impartial enterprise stationed in the U.S. and HQ in Seattle, with the same mission of offering rideshare launch services for small satellite payloads.

In the meantime, Spaceflight Industries will use the funds made from the sale to reinvest in its BlackSky enterprise.

BlackSky is an Earth observation firm that deals in geospatial intelligence and that presently runs four satellites in orbit, with eight more designed to join its constellation someday later this year.

The deal means that Mitsui & Co, which is one of Japan’s largest companies and which works in numerous industries including infrastructure, energy production, IT, food, consumer products, mining, and more, will now be in the rocket launch rideshare business as well.

Mitsui has an aerospace subsidiary that includes a space enterprise that provides satellite development, launch, and operation services.

Spaceflight has been offering its services since 2010 and has transported a total of 271 satellites on 29 separate rocket launches, with ten missions set to happen in 2020 alone.

The company’s business appears poised to grow as more launch providers and more small satellite operators enter the market, with many forecasts indicating sharp uptakes in orbit-based companies to come over the subsequent decade.

Tags

Clara Turner

Clara is leading the column containing news about outer space. Her imaginations, backed up by logical reasoning, have always created exciting and interesting topics of debate and discussions. She is a double degree older in physics as well as chemistry, and hence this has deliberately enhanced and upgraded her skills to a sky-high level. Her achievements in the field of theories are undoubtedly incomparable.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Close
Close