CORRECTED-Japan's ispace to list shares in Tokyo ahead of planned moon landing

March 08, 2023 09:02 PM AEDT | By Reuters
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(Corrects to read "is authorised to list 200 million shares" (not "will list 200 million shares"), paragraph 2)

TOKYO, March 8 (Reuters) - Japan's ispace Inc., aiming to be the first commercial company to land a probe on the moon, announced on Wednesday an initial public offering of its shares.

The start-up is authorised to list 200 million shares on the Tokyo Stock Exchange's growth section on April 12, according to a release from the exchange, which lists the company's business as lunar development and transportation services.

In December the company launched its HAKUTO-R Mission 1 lunar lander aboard a SpaceX rocket which took off Cape Canaveral, Florida, carrying two robotic rovers.

Tokyo-based ispace gave a mission update last month, saying the probe had reached its furthest distance from Earth and was due to touch down on the moon's surface in late April.

The company has a contract with NASA to ferry payloads to the moon from 2025 and is aiming to build a permanently staffed lunar colony by 2040. (Reporting by Rocky Swift; editing by Jason Neely)


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