Mitsui Completes Acquisition of Spaceflight

SEATTLE, June 12, 2020 (Spaceflight PR) – Today, satellite rideshare launch provider, Spaceflight Inc., announced its acquisition by Mitsui & Co., Ltd., in partnership with Yamasa Co., Ltd., is now complete with the final review of the Committee on Foreign Investment in the United States (CFIUS).

In February 2020, Spaceflight’s parent company, Spaceflight Industries, announced it had signed an agreement with the Japanese companies for the sale of the launch service provider, pending the CFIUS review. The review was complete in April and the acquisition finalized today, June 12, 2020. Mitsui & Co. and Yamasa will have 50/50 joint venture ownership in Spaceflight, but the launch service provider will continue to operate as a privately held, independent U.S.-based company.

(more…)