ispace develops lunar landers and sells lunar transportation services, including delivery of ESA's MAGPIE rover to the Moon's south polar region.
ispace is a Japanese lunar-lander company (TSE:9348) and the only non-US commercial lunar program with two flights completed, though both landings failed (M1 crashed in April 2023, M2 Resilience in June 2025), with Mission 3 planned via its US entity with Draper (NASA CLPS) around 2027. It is the persistence case, backed by a Japanese government and corporate ecosystem. Revenue is <25m estimated (verified-light; a dedicated pass owed for current financials and M3 status).
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Traction: deployment, production, commercials, progress. Capability: technology, positioning, firepower, leverage.
ispace develops lunar landers and sells lunar transportation services, including delivery of ESA's MAGPIE rover to the Moon's south polar region. ispace is a Japanese lunar-lander company (TSE:9348) and the only non-US commercial lunar program with two flights completed, though both landings failed (M1 crashed in April 2023, M2 Resilience in June 2025), with Mission 3 planned via its US entity with Draper (NASA CLPS) around 2027. It is the persistence case, backed by a Japanese government and corporate ecosystem. Revenue is <25m estimated (
ispace is on the Space watchlist list of Frontier Tech Intelligence with a score of 60 out of 100, below the Top 100.
ispace is based in Tokyo, Tokyo, Japan. Founded 2010. Stage: Public.
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