Astroscale has entered into a loan agreement of JPY 3 billion (approx. USD 22 million) with Mizuho Bank.
The agreement is the first for Astroscale with Mizuho Bank, and brings the cumulative debt raised to a total of JPY 11 billion (approx. USD 83 million).
It is a valuable opportunity for Astroscale to secure funds through alternative means in a challenging economic environment.
“Entering this loan agreement with Mizuho Bank provides Astroscale with greater financial flexibility to achieve our objective of establishing routine on-orbit services,” stated Nobu Okada, Founder and CEO of Astroscale. “We have a strong partnership with Mizuho Bank, and I am confident that this agreement will enable us to continue to grow and innovate.”
