ispace Receives $17.9 Million in Bank Loans

HAKUTO-R lander on the moon. (Credit: ispace)

TOKYO (ispace PR) – ispace, inc. (ispace) announced that it signed loan agreements totaling of $17.9 million (USD)[1] with Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Resona Bank, Limited, and Japan Finance Corporation. As of May 31, ispace’s total amount of bank loans reached $20 million (USD)[2] including the existing loan from Japan Finance and Dai-ichi Kangyo Credit Cooperative.

(more…)