The Journal of Space Commerce

The Journal of Space Commerce

ispace Secures Approximately $70 Million in Bank Financing

Part of a Loan Agreement With Sumitomo Mitsui Banking Corporation

Tom Patton's avatar
Tom Patton
May 29, 2025
∙ Paid

A resolution has been made by the ispace Board of Directors to secure approximately $70 Million (≈¥10.0 Billion JPY) in new financing as part of a loan agreement with Sumitomo Mitsui Banking Corporation.

"With Mission 2 in its final stage and Mission 3 onwards marking full-scale commercialization, the additional loan support from Sumitomo Mitsui Banking …

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