![]() Shares in ispace surged as high as 2,373 yen, more than 9 times their IPO price, in the days following their debut. But during the final landing phase in the early hours of April 26, ispace lost contact with the craft. NASA has relied on Elon Musk's SpaceX to carry many of its payloads into orbit, and last week the agency awarded a lunar lander contract to a team led by Jeff Bezos' Blue Origin.Īfter launching its Hakuto-R lander aboard a SpaceX rocket with much fanfare in December, ispace shares made a blistering debut on the Tokyo Stock Exchange in April. Whereas national space agencies dominated space exploration in decades past, numerous private players are competing in a new space race between the United States and its allies versus an increasingly ambitious China. "Through these two missions, it is very important for us to increase our knowledge as much as possible to achieve stable commercialisation in the future," ispace Chief Executive Takeshi Hakamada told reporters at the Japan National Press Club. Improvements would be made for the next two missions, ispace said. ![]() The national space agency in March had to destroy its new medium-lift H3 rocket after it reached space, and its solid-fuel Epsilon rocket failed after launch in October. The crash was the latest setback in Japan's space programme. Tokyo-based ispace lost connection with the Hakuto-R Mission 1 lander after the spacecraft attempted what would have been the world's first commercial soft-landing on the moon's surface. TOKYO, May 26 (Reuters) - Japanese startup ispace inc's (9348.T) failed Hakuto-R moon landing mission last month was caused by an altitude miscalculation that meant the spacecraft ran out of fuel, the company said on Friday.
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