Astroscale Prepares for Lift-Off: Space Junk Removal Startup Targets June IPO

Japan's Astroscale, a leader in space debris removal, is setting its sights on the Tokyo Stock Exchange (TSE) for a potential June listing, according to sources familiar with the matter. This move comes as the company seeks to capitalize on the growing space industry and address the critical issue of space junk.

Astroscale, founded in 2013, has developed innovative technologies to tackle the increasing problem of defunct satellites and other debris orbiting Earth. This growing clutter poses a serious threat to operational spacecraft, and Astroscale's solutions offer a promising path towards a cleaner and more sustainable space environment.

The company reportedly held discussions with international investors in March to gauge interest before making a final decision. Mitsubishi UFJ Morgan Stanley Securities and Mizuho Securities are believed to be leading the IPO process.

This potential listing follows a trend of Japanese space companies entering the public market. Astroscale would join ispace and satellite imaging firm iQPS, whose share price has skyrocketed since its December IPO.

The Japanese government is actively fostering its space sector, aiming to double its size by the early 2030s. Astroscale's IPO, if successful, could be another significant milestone for this burgeoning industry.

While an official confirmation from Astroscale is still pending, the news has generated excitement within the space community. A successful IPO for Astroscale would provide much-needed capital to propel their mission forward, pave the way for further innovation in space debris removal, and potentially inspire other startups in the sector.