AFPreportsJapanese billionaire billionaire Yusaku Maezawa, who has booked a trip around the moon with SpaceX, will sell a majority stake in the Zozo fashion retailer he founded to Yahoo Japan for as much as 400.7 billion yen ($3.7 billion).
Yahoo Japan will acquire up to to 152.95 million shares for a 50.1 percent stake in the company, AFP reports. The total includes 92.7 million shares owned by Maezawa, who holds 30.37 percent of Zozo.
AFP reports he decided to sell to focus on a new business and his plans to fly around the moon in SpaceX’s Starship vehicle in 2023.
“I will leave Zozo’s future in the hands of a new president, and I’ll move on to a new path,” he said in a tweet.
The 43-year-old former wannabe rock star has a personal fortune this year valued around $2 billion, making him Japan’s 22nd richest person.
He made international headlines by booking a ticket aboard a SpaceX rocket, as well as for his purchase in 2017 of a Jean-Michel Basquiat masterpiece for $110.5 million.
At a press conference on Thursday, Maezawa cited his space plans and ambition to start a new business as reasons for stepping down.
SpaceX has filed an application with the Federal Communications Commission (FCC) for authority to fly its Starship vehicle to 22.5 km (14 miles/73,819 ft) from its test site at Boca Chica Beach in Texas.
The special temporary authority “is necessary to authorize Starship suborbital test vehicle communications for SpaceX Mission 1569 from the Boca Chica launch pad, and the experimental recovery following the suborbital launch.
“Recovery is limited to 2 functions: (1) prelaunch checkout test of the TC uplink from the ground station at Boca Chica (less than five minutes in duration) and (2) experimental uplink testing from the ground station at Boca Chica during descent,” the application stated.
SpaceX CEO Elon Musk will provide an update on plans for Starship and the Super Heavy rocket on Sept. 28 at the Boca Chica site.
Draft Environmental Assessment for the SpaceX Starship and Super Heavy Launch Vehicle at Kennedy Space Center (KSC) Full Report
Space Exploration Technologies Corporation (SpaceX) has prepared this Environmental Assessment (EA), with National Aeronautics and Space Administration (NASA) as Lead Agency, to evaluate the potential environmental impacts resulting from construction and operations associated with the proposed SpaceX Starship/Super Heavy launch vehicle at Kennedy Space Center (KSC). This EA analyzes effects on resources due to the Proposed Action and the No Action Alternative. Federal agencies are required to consider environmental consequences resulting from their actions.