New Strategic Partner Announced by Starlab Space
Mitsubishi Corporation Becomes Equity Owner in the Project
Mitsubishi Corporation has joined Starlab Space as a strategic partner and equity owner, expanding Starlab Space's reach beyond a transatlantic partnership and transforming the joint venture into a global organization.
"Together, Mitsubishi Corporation and Starlab aim to open the commercial Low Earth Orbit (LEO) marketplace.”
Mikito Nakaniwa, Mitsubishi Corporation
Mitsubishi Corporation, known for its innovative endeavors across diverse industries, brings extensive expertise and resources to this global partnership. Mitsubishi is expected to leverage its capabilities to significantly increase the value of Starlab, using space research to enhance and accelerate terrestrial product development in multiple industries and expand access to space-based technologies globally.
"Together, Mitsubishi Corporation and Starlab aim to open the commercial Low Earth Orbit (LEO) marketplace and create lasting value for global companies and industries," said Mikito Nakaniwa, Division COO, Infrastructure, Ship & Aerospace Division of Mitsubishi Corporation.
Additionally, this partnership is expected to expand access for the Japanese space economy and industrial base into the LEO marketplace by harnessing Starlab's cutting-edge technologies and capabilities.
"Mitsubishi Corporation's customer-centric focus and commitment to innovation aligns perfectly with our vision for Starlab," said Dylan Taylor, Chairman and CEO at Voyager Space. "Together, we'll unlock space technology on a global scale and drive meaningful impact across several industries, from space to ground."
"This brings Starlab Space to the next level on the way to a truly global endeavor," said Mike Schoellhorn, CEO of Airbus Defence and Space. "Our next-generation space station relies on both innovation and experience. Hence Mitsubishi Corporation, a pioneer of space business in Japan since the 1960s with a strong drive for shaping the future, is a perfect addition to our team."
With state-of-the-art research facilities and a global presence, Starlab Space is well-positioned to support advanced space research and serve end-use customers on a global scale. This partnership underscores Starlab Space's dedication to innovation not only in technology but also in operating a space station as a business in LEO, setting the standard for success in this new market.