Astroscale Closes Its Largest Funding Round to Date, Bringing Total Capital Raised to U.S. $300 Million

Additional U.S. $109 million in capital will accelerate on-orbit services technology development, facility expansion and global hiring.

TOKYO, Nov. 25, 2021 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it closed its Series F round with additional funding of U.S. $109 million from a group of new investors led by THE FUND Limited Partnership in Japan, with participation from international investors including Seraphim Space Investment Trust plc (“Seraphim Space”) in the United Kingdom and DNCA Invest Beyond Global Leaders, a sub-fund of the umbrella structured fund “DNCA Invest” incorporated under the laws of the Grand Duchy of Luxembourg, managed by DNCA Finance, a Limited Partnership in France. This is the largest funding round in the company’s history and brings the total amount raised to U.S. $300 million, affirming investors’ confidence in the rapidly expanding on-orbit servicing market.

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Rocket Lab Wins Contract to Launch Orbital Debris Removal Demonstration Mission for Astroscale

Rendering of Astroscale’s ADRAS-J satellite, to be launched by Rocket Lab’s Electron launch vehicle. (Credit: Astroscale)

Electron’s Kick Stage will enable an Astroscale satellite to rendezvous with a spent Japanese upper stage rocket body in low Earth orbit, demonstrating new debris removal technology for space sustainability

LONG BEACH, Calif., September 21, 2021 (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has signed a dedicated launch contract with Astroscale Japan Inc. (“Astroscale Japan”), a subsidiary of Astroscale Holdings Inc. (“Astroscale”), a market leader in satellite servicing and long-term orbital sustainability. Scheduled for lift-off from Rocket Lab Launch Complex 1 in 2023, the Electron rocket will launch the Active Debris Removal by Astroscale-Japan (ADRAS-J) satellite, which has been selected by the Japan Aerospace Exploration Agency (JAXA) for Phase I of its Commercial Removal of Debris Demonstration Project (CRD2), one of the world’s first technology demonstrations of removing large-scale debris from orbit.

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