〜Capital raised from four companies, including both companies as well as Development Bank of Japan and Mitsubishi UFJ Capital〜
Axelspace Corporation (Head Office: Chuo-ku, Tokyo; President and CEO: Yuya Nakamura) has raised capital through third-party allotment to Space Compass Corporation, Development Bank of Japan Inc., Tokio Marine Holdings, Inc., and Mitsubishi UFJ Capital Co., Ltd.
In conjunction with this, we are pleased to announce that we have entered into a business alliance agreement with Space Compass and Tokio Marine Holdings, respectively. The outline of the business alliance with each company is as follows.
1) Capital and Business Alliance With Space Compass Corporation
A is building a new Non-Terrestrial Network (NTN) that combines HAPS with geostationary and low earth orbit (LEO) satellites to realize the Space Integrated Computing Network concept*. Axelspace will contribute to the realization of this concept in various aspects by utilizing our technologies of development and operation for LEO satellites that we have been accumulating since our establishment.
In addition, we will also make it possible for our future satellites to utilize the optical data relay communication network using geostationary satellites, which Space Compass plans to start constructing in 2024, based on the above concept.
*About the Space Integrated Computing Network Initiative
2) Capital and Business Alliance With Tokio Marine Holdings,Inc.
One major challenge as AxelLiner moves forward with its business is ensuring transparency by enabling customers to grasp the cost and schedule quickly and accurately at the specification development stage. To achieve this, one of the key points is promptly offering insurance options tailored to meet each customer’s individual needs. To facilitate this process, we have partnered with Tokio Marine & Nichido Fire Insurance Co., Ltd., a member company of Tokio Marine Group, to seamlessly integrate a user-friendly feature in which customers can easily opt in to space insurance in the AxelLiner platform.
In addition, we are also working with them in considering the utilization of data acquired by AxelGlobe for various insurance products and services.
Comments From Each Company
Comments from related companies regarding the capital and business agreement are as follows.
Yuya Nakamura, President and CEO, Axelspace Corporation
“We are extremely pleased to announce our business partnership with Space Compass and Tokio Marine Holdings. Our partnership with both companies will greatly contribute to the further growth of our AxelGlobe and AxelLiner businesses. Through this partnership, we will continue our efforts to bring our vision of “Space within Your Reach” closer to reality as quickly as possible. In addition to these two companies, we would also like to extend our deepest appreciation to Development Bank of Japan and Mitsubishi UFJ Capital for their investment in our company.”
Koichiro Matsufuji, Co-CEO, Space Compass Corporation
“We are extremely honored to be able to partner with Axelspace, a leading company in Japan’s earth observation and microsatellite manufacturing service. The optical data relay network that Space Compass is building is a solution that solves the challenges that many earth observation satellite operators have, in both the government and private sector. We will continue to work with various operators toward our service launch in 2024.”
Hideo Ui, Executive officer and General Manager, Aerospace and Travel Industry Division, Tokio Marine & Nichido Fire Insurance Co., Ltd
“We will bolster the progress of the Japanese space industry by leveraging the potential of Axelspace’s advanced space technology and our extensive expertise in risk management in the space sector, which we have accumulated over years of experience in insurance underwriting in the international space insurance market. In addition, we aspire to design innovative products and services that will serve to address critical social challenges, such as disaster prevention and mitigation.”
About Axelspace Holdings Corporation
Location: Tokyo, Japan
President and CEO: Yuya Nakamura
Capital: 8,050 million yen (including capital reserve)
Main business activities: Earth observation business using microsatellites, the proposal of solutions utilizing microsatellites, design, and manufacture of microsatellites and related components, launch arrangements for microsatellites, and operational support and commissioning.
Contact Information for Media
PR Unit, Corporate Strategy Division