Axelspace Launches its IPO Journey Amid Japan's Space Surge
Tokyo-based satellite maker Axelspace is planning a June IPO, contributing to Japan’s burgeoning private space industry, which is driven by government backing amid China's technological rise. Axelspace aims for substantial growth, although challenges in raising capital and achieving profitability persist in the sector.
Tokyo-based satellite maker Axelspace plans to list its shares by June, according to sources familiar with the development, marking a significant step in Japan's expanding private space sector.
The Tokyo Stock Exchange is expected to approve Axelspace's IPO soon, making it the fifth spacecraft venture from Japan to go public in recent years. This move comes even as the private space industry, valued at 4 trillion yen, struggles with profitability across its over 100 active startups.
Driven by government support and in the wake of China's growing power, these ventures are seeking investment. Axelspace's valuation may align with other radar satellite makers, although it has faced IPO delays due to technical issues and subsidy applications.
(With inputs from agencies.)
Google News