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Spaceflight Industries Spins Off Rideshare Business

12 Feb 2020, 15:55 UTC
Spaceflight Industries Spins Off Rideshare Business
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HERNDON, Va., February 11, 2020 (Spaceflight Industries PR) – Today, Spaceflight Industries, Inc. announced it has signed a definitive share purchase agreement with Mitsui & Co., Ltd., in partnership with Yamasa Co., Ltd. to sell its satellite rideshare launch business, Spaceflight, Inc. Mitsui & Co.’s planned acquisition of the launch service provider is a unique opportunity for Spaceflight to further invest and expand its commercial and government rideshare launch services while Mitsui & Co. expands its portfolio to offer space services. Financial details of this deal are not disclosed.

“Spaceflight has established itself as an influential company in the space industry, making rideshare a credible and reliable option for smallsat launches,” Tomohiro Musha, general manager of aerospace systems & rail leasing division in Mitsui & Co., said. “The acquisition of an industry leader is an optimal way for Mitsui & Co. to enter the space industry and expand its business by offering greater access for customers considering utilizing services related to space. Spaceflight has demonstrated its ability to push boundaries and achieve success and we are eager to bring them into the Mitsui & Co. portfolio.”

The acquisition transaction will now undergo review by the Committee on Foreign Investment in ...

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