NANO DAILY
← TECH SPACE  |  Home TECH SPACE

Mitsubishi Electric and Astroscale to Develop and Produce Satellite Buses

by Staff Writers Tokyo, Japan (SPX) Feb 27, 2023 SPX
Mitsubishi Electric Corporation, a leading defense and space company, and Astroscale Holdings Inc., the market leader in satellite servicing and long-term sustainability across all orbits, announced today that Mitsubishi Electric has invested U.S. $25 million in Astroscale's Series G funding round.

Separate from the investment, the companies have agreed to collaborate in the joint development and manufacturing of sustainably designed satellite buses for Japanese national security constellations.

The satellite buses will be equipped with an Astroscale docking plate, similar to a car tow hook, with a standardized interface. This allows other spacecraft to dock with and move or remove satellites if they are unable to deorbit themselves at the end of their operational lives. Preparing satellites in this sustainable manner minimizes costs and maximizes safety for future on-orbit servicing.

"The world depends on satellites more than ever before, so if the orbital environment is disrupted or becomes unusable, our lives will be irrevocably changed," said Nobu Okada, Founder and CEO of Astroscale.

"Space is a special domain shared by the equally important commercial, civil and defense sectors. We are proud to partner with Mitsubishi Electric to assure that our orbital environment remains safe, secure and sustainable, and that more objects operating in space are designed for future servicing and removal."

The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.